03/12/2015 - Further information related to the endorsement of IFRS 9

The letter to the European Commission providing further information related to the endorsement of IFRS 9 specifically addresses the non-alignment of the effective dates of IFRS 9 and the future insurance contracts standard. It provides some preliminary views on the deferral and overlay approaches that will be proposed by the IASB in the Exposure Draft that is expected to be released in the near future.

This letter has benefited from the comments provided by a substantial number of constituents in a very short time-frame.  EFRAG will be seeking further advice from constituents when the draft comment letter relating to the forthcoming Exposure Draft is issued.