26/09/2016 - EFRAG Endorsement Status Report 23 September 2016
The endorsement by the European Commission of Amendments to IFRS 10, IFRS 12 and IAS 28: Investment Entities - Applying the Consolidation Exception is now reflected in the EFRAG Endorsement Status Report.
On 22 September 2016, the European Commission endorsed Amendments to IFRS 10, IFRS 12 and IAS 28: Investment Entities - Applying the Consolidation Exception.
The Amendments clarify: a) which subsidiaries of an investment entity are consolidated in accordance with paragraph 32 of IFRS 10, b) the exemption from preparing consolidated financial statements for an intermediate parent of an investment entity, c) the application of the equity method by a non-investment entity investor to an investment entity investee, and d) which disclosures are required by an investment entity that measures all of its subsidiaries at fair value.
The Amendments are effective for annual periods beginning on or after 1 January 2016.
Link to the publication in the Official Journal of the European Union:
Commission Regulation (EU) No 2016/1703 of 22 September 2016
As a result, on Friday 23 September 2016, EFRAG updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.
(Unfortunately, due to technical problems on Friday 23 September 2016, subscribers to EFRAG news did not receive a notification about the update. The issue should now be solved.)
