![]() ![]() An entity choosing to apply the deferral approach does so for annual periods beginning on or after 1 January 2018. IASB issues Applying IFRS 9 'Financial Instruments' with IFRS 4 'Insurance Contracts' (Amendments to IFRS 4) to address concerns about the different effective dates of IFRS 9 and the new insurance contracts standardĪn entity choosing to apply the overlay approach retrospectively to qualifying financial assets does so when it first applies IFRS 9. ![]() This amendment completes the IASB’s financial instruments project and the Standard is effective for reporting periods beginning on or after 1 January 2018 with early adoption permitted (subject to local endorsement requirements). IFRS 9 (2014) was issued as a complete standard including the requirements previously issued and the additional amendments to introduce a new expected loss impairment model and limited changes to the classification and measurement requirements for financial assets. Removed the mandatory effective date of IFRS 9 (2009) and IFRS 9 (2010)
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