ESMA Public Statement: Issues for Consideration in Implementing IFRS 9 Financial Instruments

12 December 2016

IFRB 2016-25 issued

Paragraph 30 of IAS 8 requires entities to provide information regarding the impact of accounting standards issued but not yet effective.  This BDO International Financial Reporting Bulleting (IFRB) summarises the expectations of the European Securities and Markets Authority (ESMA) with regards to this disclosure requirement for annual and interim financial statements published by entities prior to IFRS 9’s effective date of periods beginning on or after 1 January 2018.

The IFRB can be downloaded from the BDO global web site here.

The content of the ESMA public statement was first notified in IFRS News on 15 November 2016.