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25/06/2020 - EFRAG requests comments on its DEA on Extension of the Temporary Exemption from Applying IFRS 9 (Amendments to IFRS 4)

EFRAG is consulting on both its assessment of the Amendments against the technical criteria in the EU and on its assessment of whether the Amendments are conducive to the European public good. Highlighting that the entire endorsement process is urgent, EFRAG requests your comments by 3 July 2020.


EFRAG has issued a draft endorsement advice letter and a separate invitation to comment relating to the endorsement for use in the EU of Extension of the Temporary Exemption from Applying IFRS 9 (Amendments to IFRS 4) ('the Amendments').

The Amendments change the effective date of the temporary exemption from IFRS 9 from 1 January 2021 to 1 January 2023.

EFRAG's overall preliminary assessment is that the Amendments satisfy the criteria for endorsement for use in the EU and therefore recommends their endorsement. EFRAG is seeking comments on all aspects of its analyses supporting its preliminary conclusions.

EFRAG's draft endorsement advice letter is available here.
You are asked to provide your comments on the draft endorsement advice letter by downloading the Invitation to Comment, filling in the comments, and submitting the response by clicking on the 'Comment publication' link below.

Highlighting that the entire endorsement process is urgent, comments are requested by 3 July 2020.

For your information, EFRAG has also updated its Endorsement Status Report, which is available here.