REMINDER – please respond to the EFRAG draft comment letter on the IASB’s ED Amendments to the Classification and Measurement of Financial Instruments by 30 June

​EFRAG reminds its constituents that deadline to respond to the EFRAG DCL on classification and measurement requirements of IFRS 9 approaches.

EFRAG published its DCL on 5 May 2023 where it welcomes the IASB’s efforts to address the concerns of stakeholders and, in general, agrees with the proposed amendments to the classification and measurement of financial instruments. 

In particular, EFRAG considers that the proposed clarifications to the general SPPI requirements would provide a good basis for evaluating whether contractual cash flows of financial assets with ESG-linked or similar features meet SPPI requirements. EFRAG would like to point out that the solution is expeditiously needed and welcomes the IASB efforts in this respect. Therefore, EFRAG encourages the IASB to prioritise the publication for these proposed clarifications over the rest of the proposals included in the ED, allowing entities to apply them as early as possible. 

EFRAG's Draft Comment Letter can be found here.  

Comments can be submitted until 30 June 2023.