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Exposure Draft [June 2014]

Exposure Draft [June 2014]

Exposure Draft and Comment letters

The International Accounting Standards Board (IASB) today published for public comment the Exposure Draft Investment Entities–Applying the Consolidation Exception (Proposed amendments to IFRS 10 and IAS 28).

The proposed amendments to IFRS 10 Consolidated Financial Statements and IAS 28 Investments in Associates and Joint Ventures are designed to clarify three issues about the application of the requirement for investment entities to measure subsidiaries at fair value instead of consolidating them.  The proposed amendments: 

  • confirm that the exemption from presenting consolidated financial statements continues to apply to subsidiaries of an investment entity that are themselves parent entities;
  • clarify when an investment entity parent should consolidate a subsidiary that provides investment-related services instead of measuring that subsidiary at fair value; and
  • simplify the application of the equity method for an entity that is not itself an investment entity but that has an interest in an associate that is an investment entity.

The issues originated from submissions to the IFRS Interpretations Committee, which recommended that the IASB should amend the Standards to clarify the requirements in order to reduce the risk of diversity developing in practice.

Comment letter deadline

The Exposure Draft comment period ended on 15 September 2014.

Please note: when submitting a comment letter or when communicating with the IFRS Foundation, the IASB or any of its constituent bodies, you acknowledge and accept the IFRS Foundation Written Communication policy which details how we use and process your data.

View the Comment letters.


Due process documents
Exposure Draft Investment Entities: Applying the Consolidation Exception (Proposed amendments to IFRS 10 and IAS 28) [PDF]
Exposé-sondage: Entités d’investissement : Application de l’exception à la consolidation (projet de modification d’IFRS 10 et d’IAS 28) (French) [PDF]
Date limite de réception des commentaires : le 15 septembre 2014
Proyecto de Norma: Entidades de Inversión: Aplicación de la Excepción de Consolidación (Modificaciones propuestas a las NIIF 10 y NIC 28) (Spanish) [PDF]
Recepción de comentarios hasta el 15 de septiembre de 2014
公開草案: 投資企業:連結の例外の適用 IFRS第10号及びIAS第28号の修正案 (Japanese) [PDF]