The proposed amendments are based on stakeholder feedback received by the IASB during its post-implementation review of IFRS 9, which began in 2021 and concluded in December 2022 (reviews of other aspects of IFRS 9 are expected to follow). The proposed amendments include:


  1. Financial assets with environmental, social, and corporate governance and similar features: The proposed amendments clarify how the contractual cash flows on such loans should be assessed and seek to ensure that investors are provided with useful information about the timing, amount, and uncertainty of future cash flows.
  2. Electronic payment systems: Stakeholders highlighted challenges related to applying IFRS 9 to the settlement of a financial asset or a financial liability via electronic cash transfers. The exposure draft proposes clarifications to how this should be accounted for.


“The recent post-implementation review of the requirements relating to classification and measurement in IFRS 9 indicated that this standard is performing as intended while also addressing some specific areas for enhancement,” said IASB Chair Andreas Barckow. “This exposure draft sets out our proposals in response to this feedback.”


The IASB is accepting comments on the exposure draft through July 19, 2023, and has published a snap-shot with detailed information on the proposed amendments.

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