On October 9, EFRAG completed its due process regarding the Amendments to the Classification and Measurement of Financial Instruments (Amendments to IFRS 9 and IFRS 7) and has submitted its Endorsement Advice to the European Commission.
These Amendments address stakeholder requests for clarification on the application guidance for assessing the contractual cash flow characteristics of financial assets and accounting for the settlement of financial liabilities via electronic payment systems. They will be effective for annual periods beginning on or after January 1, 2026, with early application permitted.
EFRAG assesses that these Amendments fulfil all technical endorsement criteria of the IAS Regulation and are beneficial to the European public good, leading to a recommendation for their endorsement.
EFRAG has updated its Endorsement Status Report.
For more information: [here]