Letter to the European Commission explaining how EFRAG has reached its conclusion that IFRS 9 Financial Instruments is not contrary to the true and fair principle.

The purpose of the letter is to bring into one place the elements contained in EFRAG's endorsement advice to the European Commission, as issued on 15 September 2015, that are relevant for the assessment of the true and fair principle. The letter does not purport to provide additional elements of assessment on the true and fair principle.

The letter can be found below.

Letter_to_the_European_Commission-__IFRS_9__-_Assessment_of_true_and_fair_.pdf