20/09/2019 - IBOR Reform - pre-announcement on draft endorsement advice consultation
EFRAG pre-announces the launch of its draft endorsement advice consultation on the Interest Rate Benchmark Reform (Amendments to IFRS 9, IAS 39 and IFRS 7) on 26 September and invites constituents to provide their comments.
On 16 September 2019, EFRAG TEG discussed a preparatory draft version of the endorsement advice on the Interest Rate Benchmark Reform (Amendments to IFRS 9, IAS 39 and IFRS 7) ('the Amendments') based on publicly available information. EFRAG is planning to launch its draft endorsement advice consultation on 26 September after the issuance of the Amendments by the IASB.
To ensure the possibility of an expeditious EU endorsement process, in order to make the reliefs proposed in the Amendments available for early adoption for 2019 reporting, we invite constituents to start preparing their comments which have to be submitted to EFRAG by 10 October.
The preparatory draft version of the endorsement advice is available here.