IAS 32 Amendment - Classification of Rights Issues
- Published in the Official Journal
- Filipe Alves
The purpose of the amendment is to clarify the classification of instruments that give the holders the right to acquire an entity's own equity instruments at a fixed price (rights issues) when that price is stated in a currency other than the entity's functional currency.
In August 2009 the IASB published the Exposure Draft Classification of Rights Issues.
On 7 September 2009 EFRAG published its comment letter and on 6 November 2009 EFRAG published its Endorsement Advice (documents can be found bellow).