IASB Exposure Draft ED/2021/8 Initial Application of IFRS 17 and IFRS 9—Comparative Information (Proposed amendment to IFRS 17)


The International Accounting Standards Board (Board) has proposed a narrow-scope amendment to the transition requirements in Appendix C of IFRS 17 for entities that first apply IFRS 17 Insurance Contracts and IFRS 9 Financial Instruments at the same time.

The proposed amendment relates to financial assets for which comparative information presented on initial application of IFRS 17 and IFRS 9 has not been restated for IFRS 9. Applying the proposed amendment, a company would be permitted to present comparative information about such a financial asset as if the classification and measurement requirements of IFRS 9 had been applied to that financial asset. The Exposure Draft proposes no change to the transition requirements in IFRS 9.

Click here to download the Exposure Draft.

Invitation to comment

The Exposure Draft is open for comment until 27 August 2021.

You may provide your comments via email to us at technical@masb.org.my