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10/05/2015 - EFRAG requests comments on its draft endorsement advice on the Amendments to IFRS 10, IFRS 12 and IAS 28

EFRAG has issued a draft endorsement advice letter (with supporting appendices) and a separate invitation to comment relating to the endorsement for use in the EU of Investment Entities: Applying the Consolidation Exception (Amendments to IFRS 10, IFRS 12 and IAS 28) (the Amendments). EFRAG is consulting on both its assessment of the Amendments against the technical criteria in the EU and on its assessment of whether the Amendments are conducive to the European public good.


EFRAG has issued a draft endorsement advice letter and a separate invitation to comment relating to the endorsement for use in the EEA of Investment Enitities: Applying the Consolidation Exception (Amendments to IFRS 10, IFRS 12 and IAS 28) ('the Amendments').

The Amendments clarify the requirements when accounting for entities that qualify as investment entities under IFRS 10 Consolidated Financial Statements. The Amendments also provide relief in certain circumstances, which will reduce the costs to preparers of applying IFRS.

The Amendments become effective for annual periods beginning on or after 1 January 2016, with earlier application permitted.

EFRAG's overall preliminary assessment is that the Amendments satisfy the criteria for endorsement for use in the EU and therefore recommends its endorsement.

EFRAG is seeking comments on all aspects of its analyses supporting its preliminary conclusions.

Comments are requested by 19 June 2015.

EFRAG has also updated its Endorsement Status Report.