11/02/2019 - EFRAG Endorsement Status Report - Update
The endorsement by the European Commission of Amendments to IAS 28: Long-term Interests in Associates and Joint Ventures is now reflected in the Endorsement Status Report.
The European Union has published a Commission Regulation endorsing Amendments to IAS 28: Long-term Interests in Associates and Joint Ventures. The Amendments are effective for annual periods beginning on or after 1 January 2019.
The Amendments clarify that an entity applies IFRS 9 Financial Instruments to financial instruments in an associate or joint venture to which the equity method is not applied. These include long-term interests that, in substance, form part of the entity's net investment in an associate or joint venture.
Link to the publication in the Official Journal of the European Union: https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32019R0237&from=EN
The updated EFRAG Endorsement Status Report can be downloaded below and under the menu 'Endorsement Status'.