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IASB proposes adjustment to effective date of IFRS 9

04 August 2011

The International Accounting Standards Board (IASB) published today for public comment an exposure draft of proposals to adjust the mandatory effective date of IFRS 9 Financial Instruments. The exposure draft proposes an effective date of 1 January 2015 (currently 1 January 2013) for IFRS 9.

In publishing the exposure draft, the Board noted the importance of aligning all phases of the project (both completed and ongoing) to have the same effective date.

The comment period of the exposure draft closes on 21 October 2011. The exposure draft, ED/2011/3 Amendments to IFRS 9 Financial Instruments (November 2009) andIFRS 9 Financial Instruments (October 2010): Mandatory Effective Date, is available to download by clicking here.

The proposed deferral would only change the date when IFRS 9 would be mandatory. Entities could still elect to use IFRS 9 before 2015.

Press enquiries

  • Mark Byatt, Director of Corporate Communications, IFRS Foundation
    Telephone: +44 (0)20 7246 6472
  • Sonja Lardeau, Communications Manager, IFRS Foundation
    Telephone: +44 (0)20 7246 6463

Technical enquiries

  • Katherine Cancro, Assistant Technical Manager, IASB
    Telephone: +44 (0)20 7246 6928

Related information 

  • Click here for a print-friendly version of this press release
  • Click here to read the exposure draft and submit a comment letter
  • Click here to go the project page