17/11/2020 - EFRAG's Feedback Statement on its Comment Letter to the IASB's Exposure Draft ED/2020/1 Interest Rate Benchmark Reform - Phase 2
After having issued its final endorsement advice on 26 October EFRAG has finalised the steps in its due process and published its feedback statement on the draft comment letter to the IASB's ED/2020/1 Interest Rate Benchmark Reform – Phase 2: Proposed Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16
EFRAG issued its final endorsement advice on 26 October after an accelerated process and has now completed its full due process by issuing a feedback statement on its comment letter. EFRAG's draft comment letter to the IASB's ED/2020/1 Interest Rate Benchmark Reform - Phase 2: Proposed Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16 was published on 23 April 2020. Constituents generally supported the proposed amendments and EFRAG’s position in the draft comment letter.
EFRAG's final comment letter was published on 26 May 2020. The feedback statement summarises the comments received by EFRAG on its draft comment letter and explains how those comments were considered by EFRAG during its technical discussions leading to the publication of EFRAG's final comment letter.
The feedback statement can be found here.
