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Financial Instruments: Implementation

IFRS 9 Financial Instruments: Implementation

This page provides an overview of all of the activities undertaken by the Board to support implementation of IFRS 9. It will be updated throughout the implementation phase with information relating to these activities.


IFRS 9 Financial Instruments was issued by the International Accounting Standards Board (the Board) on 24 July 2014 and has a mandatory effective date of 1 January 2018. On 22 August 2014, the Board announced the formation of a Transition Resource Group for Impairment of Financial Instruments (the ITG), to provide support on implementation issues arising on the new impairment requirements following the issue of IFRS 9.

The ITG had one introductory conference call in 2014 and three meetings during 2015. Only one issue was raised with the Board as a result of those meetings. The Board noted the issue but observed that the requirements of IFRS 9 were clear and consequently no further action was considered necessary.

Educational and implementation materials

In addition to the materials provided within IFRS 9 itself, including the Illustrative Examples, various materials that support implementation of IFRS 9 are available. These are summarised below. Throughout the implementation phase the Board will monitor implementation and will consider whether additional materials might be helpful.

Materials published alongside IFRS 9

Title Date published
Board member video—Sue Lloyd
Debrief: From incurred to expected–two years to go
February 2016
Board member article—Sue Lloyd
Big changes ahead: accounting for financial instruments
April 2015
Project Summary–IFRS 9 Financial Instruments July 2014
Board member article—Sue Lloyd
Investor Perspective: IFRS 9: A Complete Package for Investors
July 2014
Board member article—Patricia McConnell:
Investor Perspective: New Hedge Accounting Model will Improve Investor Understanding of Risk Management
June 2014
Board member article—Patricia McConnell:
Investor Perspective: One fewer non-GAAP adjustment to worry about: improvements to the accounting for changes in own credit
March 2014
Project Summary–IFRS 9 Financial Instruments (Hedge Accounting) November 2013


Title Date live
IFRS 9 Impairment : The expected life of revolving facilities 16 May 2017
Live web update on IFRS 9 Financial Instruments 29 July 2016
IASB webcast—Forward-looking information and multiple scenarios 25 July 2016

Summaries of issues discussed at ITG meetings

Meeting date
December 2015
September 2015
April 2015

Implementation: IASB Monitoring and support


No meetings of the ITG have been planned for 2016. However, the group will remain in place and stakeholders may continue to submit potential implementation issues by following the submission guidelines. Further meetings will be convened if circumstances warrant it.

Related information


Kumar Dasgupta

Technical Director