ASCG comments on EFRAG Discussion Paper „Equity Instruments – Recycling & Impairment“

Today, the ASCG has submitted to EFRAG its comment letter on the Discussion Paper „Equity Instruments – Recycling & Impairment“ (we reported).

Therein, we support reconsidering the issue of (no) recycling for gains and losses on equity instruments classified at fair value through other comprehensive income with a fresh and open mind. However, in order to limit disruption for those that have just implemented the standard yet being responsive to the needs of others, we suggest engaging with the IASB and discussing with them the potential for pulling forward certain aspects of a Post-implementation Review (PiR) on IFRS 9 – rather than pursuing a stand-alone project at European level.