Reminder: Comment now on EFRAG's Draft Endorsement Advice on the Amendments to the Classification and Measurement of Financial Instruments.

​Constituents have until 13 September 2024 to comment on EFRAG's assessment of the Amendments to the Classification and Measurement of Financial Instruments (Amendments to IFRS 9 and IFRS 7) against the technical criteria for endorsement in the EU and on its assessment of whether the Amendments are conducive to the European public good.

​EFRAG would like to remind its constituents that the deadline to comment on EFRAG's draft endorsement advice on the Amendments to the Classification and Measurement of Financial Instruments is fast approaching: 13 September 2024 COB.

Submit your comments

The Amendments mainly respond to requests from stakeholders to clarify some aspects of the application guidance for assessing the contractual cash flow characteristics of financial assets and for accounting for the settlement of financial liabilities through electronic payment systems. These were raised during the Post-implementation Review of IFRS 9 Classification and Measurement and in a request issued to the IFRS Interpretations Committee, and they are effective for annual periods beginning on or after 1 January 2026, 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 can provide comments on the draft endorsement advice letter by downloading the invitation to comment form, completing it and submitting this response by clicking on the 'Comment publication' link below.

Comments are requested by 13 September 2024 COB.

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