Exposure Draft and comment letters: Amendments to the Classification and Measurement of Financial Instruments

The IASB is proposing amendments to IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures in response to feedback received as part of the Post-implementation Review of IFRS 9—Classification and Measurement.

The Exposure Draft proposes amendments to the following requirements:

• settling financial liabilities using an electronic payment system; and
• assessing contractual cash flow characteristics of financial assets, including those with environmental, social and governance (ESG)-linked features.

The Exposure Draft also proposes amendments or additions to the disclosure requirements for:

• investments in equity instruments designated at fair value through other comprehensive income; and
• financial instruments with contractual terms that could change the timing or amount of contractual cash flows based on the occurrence (or non-occurrence) of a contingent event.

The Exposure Draft was open for comment until 19 July 2023.

Access the Exposure Draft below. Access the Snapshot here.