• Service: Audit, IFRS
  • Date: 11/28/2013

Financial Instruments – Effective date deferred until at least 2017 

In November 2013, the IASB officially removed the previous mandatory effective date of IFRS 9 Financial Instruments – i.e. 1 January 2015 – as part of IFRS 9 (2013), and tentatively decided that it would be no earlier than 1 January 2017.

The keenly awaited final hedging standard was also issued as part of IFRS 9 (2013).


During their November meetings, the IASB and the FASB reconfirmed the basic approach to the classification and measurement of financial assets and financial liabilities, as presented in their respective exposure draft and proposed accounting standard update. The Boards also provided clarifications to address concerns about the application of the business model test.


In the impairment project, the IASB continued to make progress, reaching further tentative decisions on a number of topics – in particular, on the measurement and presentation of expected credit losses.

IFRS Newsletter: Financial Instruments - issue 17, November 2013

Feature image
This IFRS Newsletter looks at the IASB's November discussions on the financial instruments (IAS 39) replacement project.

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