News September 2020 Call for comments on draft UK Endorsement Criteria Assessment: IBOR Phase 2 Amendments

Call for comments on draft UK Endorsement Criteria Assessment: IBOR Phase 2 Amendments

07 September 2020

The FRC has today published a draft UK Endorsement Criteria Assessment on the IASB’s amendment Interest Rate Benchmark Reform—Phase 2 (Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16) (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 Invitation to Comment can be accessed here.
The draft UK Endorsement Criteria Assessment can be accessed here

The FRC welcomes stakeholders’ views to inform its recommendation to the BEIS Secretary of State to adopt the Amendments in the UK.  Please respond no later than close of business on Monday 28 September 2020 to IBOR2@frc.org.uk

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