27/02/2018 - EFRAG Endorsement Status Report - Update
The endorsement by the European Commission of Classification and Measurement of Share-based Payment Transactions (Amendments to IFRS 2) is now reflected in the Endorsement Status Report.
The European Union has published a Commission Regulation endorsing Classification and Measurement of Share-based Payment Transactions (Amendments to IFRS 2). The Amendments are effective for annual periods beginning on or after 1 January 2018, with earlier application permitted.
The objective of the Amendments is to provide guidance on three issues reported by the IFRS Interpretations Committee regarding:
- the effects of vesting conditions on the measurement of a cash-settled share-based payment
- the classification of share-based payment transactions with net settlement features for withholding tax obligations
- the accounting for a modification to the terms and conditions of a share-based payment that changes the classification of the transaction from cash-settled to equity-settled.
Link to the publication in the Official Journal of the European Union: Commission Regulation (EU) 2018/289 of 26 February 2018
The updated EFRAG Endorsement Status Report can be downloaded below and under the menu 'Endorsement Status'.