Call for comments on Amendments to IFRS 4 - extension to IFRS 9 deferral

News types: Codes and Standards Announcements, Consultation Announcement, Operating Procedures, Policies and Responsibilities, Publications, Statements

Published: 27 October 2020

The FRC has today published a draft UK Endorsement Criteria Assessment on the IASB’s Amendments to IFRS 4 - Extension of the Temporary Exemption from Applying IFRS 9 (the Amendments).

As part of the preparation for the end of the Transition Period, work is being undertaken to ensure the UK is ready to undertake adoption of the Amendments if EU adoption does not occur in December 2020.  Further details can be found in the Invitation to Comment.

The FRC welcomes stakeholders’ views to inform its recommendation to the BEIS Secretary of State concerning adoption of the Amendments in the UK.  Please respond no later than close of business on Tuesday 10 November 2020  to [email protected].