Since November 2008, the IASB has been working to replace its financial instruments standard (IAS 39) with an improved and simplified standard. The IASB has structured its project to replace IAS 39 in three phases:
Phase 1: Classification and measurement
Phase 2: Impairment methodology
Phase 3: Hedge accounting
In addition, the IASB undertook a related project on offsetting of financial assets and financial liabilities.
The current work plan anticipates significant progress in 2012, which will be necessary to maintain an effective date for IFRS 9 of 1 January 2015.
IFRS Newsletter: Financial Instruments
IFRS Newsletter: Financial Instruments - issue 9, January 2013
Financial Instruments highlights the discussions and tentative decisions of the IASB in January 2013 on the financial instruments (IAS 39 replacement) project..
IFRS Newsletter: Financial Instruments - issue 10, February 2013
Financial Instruments highlights the discussions and tentative decisions of the IASB in January 2013 on the financial instruments (IAS 39 replacement) project.