EFRAG seeks comments on its draft endorsement advice on Lease Liability in a Sale and Leaseback (Amendments to IFRS 16)

​EFRAG is consulting on its assessment of Lease Liability in a Sale and Leaseback (Amendments to IFRS 16) (‘the Amendments’) against the technical criteria for endorsement set out in Regulation (EC) No 1606/2002 and on its assessment of whether the Amendments are conducive to the European public good. Comments from all interested stakeholders are requested by 9 January 2023 by completing the form here.
EFRAG has issued a draft endorsement advice letter and a separate invitation to comment relating to the endorsement for use in the EU of the Amendments.The objective of the Amendments is to specify how a seller-lessee subsequently measures sale and leaseback transactions that satisfy the requirements in IFRS 15 Revenue from Contracts with Customers to be accounted for as a sale.The Amendments become effective for annual periods beginning on or after 1 January 2024, with earlier application permitted.EFRAG's overall preliminary assessment is that the Amendments satisfy the criteria for endorsement for use in the EU and therefore recommends its endorsement. EFRAG is seeking comments on all aspects of its analysis 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 (here), filling in the comments and submitting the response by clicking on the ‘Comment publication’ link below.
Comments are requested by 9 January 2023.

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

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