07/09/2015 - Amendments to IFRS 10 and IAS 28 Sale or Contribution of Assets between an Investor and its Associate or Joint Venture - Recommendation to further postpone the Endorsement Process

On 10 August 2015, the IASB issued Exposure Draft Effective Date of Amendments to IFRS 10 and IAS 28 ("the ED"). The ED proposes deferring indefinitely the effective date of the amendments to IFRS 10 and IAS 28, issued in September 2014, on Sale or Contribution of Assets between an Investor and its Associate or Joint Venture ("the 2014 Amendments").

The publication of the ED results from the IASB's decision in June 2015 that its ongoing research project Equity Method of Accounting should take over all the issues currently being considered by the Interpretations Committee on IAS 28 Investments in Associates and Joint Ventures.

Given the interaction between the 2014 Amendments and the ED published on 10 August 2015, EFRAG has decided to recommend that the endorsement process relating to the 2014 Amendments should continue to be postponed until the IASB finalises its due process on its proposals to amend the effective date of the 2014 Amendments.