IASB finalise amendments to IFRS 9 and IFRS 7

Yesterday, the IASB published amendments to IFRS 9 und IFRS 7. These amendments and clarifications affect

• the derecognition of financial liabilities, that have been settled via an electronic payment system – the IASB now provides an option as regards the timing of derecognition;
• the application of the SPPI criterion for the purpose of classifying (a) financial instruments with ESG features, (b) financial instruments with non-recourse features, and (c) contractually-linked instruments (CLI);
• additional disclosures about (a) equity instruments classified at FV through OCI and (b) financial instruments with terms that could change the timing or amount of contractual cashflows depending on contingent events.

These amendments result from findings or feedback gained during the post-implementation review of IFRS 9 (Part 1: classification and measurement). Also, the IFRS IC had received, and debated on, an application question which is addressed by these amendments.

These amendments shall be applied for annual periods beginning on or after 1 January 2026, earlier application is permitted.

The amendments are available from the IASB and subject to a charge.