23 March 2023To: Members of the Hong Kong Institute of CPAsAll other interested partiesINVITATION TO COMMENT ON THE IASB EXPOSURE DRAFTAmendments to the Classification and Measurement ofFinancial Instruments – Proposed amendments to IFRS 9 and IFRS 7Comments to be received by 12 June 2023The Financial Reporting Standards Committee (FRSC) of the Hong Kong Institute of CertifiedPublic Accountants (Institute) is seeking comments on the International Accounting StandardsBoard (IASB) Exposure Draft Amendments to the Classification and Measurement of FinancialInstruments (Exposure Draft). The Exposure Draft, together with a snapshot providing a high-level summary of the proposals, is available on the Institute's website:
https://www.hkicpa.org.hk/en/Standards-setting/Standards/Open-for-comment-documents/fredThe Exposure Draft proposes amendments to IFRS 9 Financial Instruments and IFRS 7Financial Instruments: Disclosures in response to feedback received as part of the Post-implementation Review of IFRS 9 – Classification and Measurement. The Exposure Draftproposes amendments to the requirements for:
• settling financial liabilities using an electronic payment system; and• assessing contractual cash flow characteristics of financial assets, including those withenvironmental, social and governance (ESG)-linked features.The Exposure Draft also proposes amendments or additions to the disclosure requirementsfor:
• investments in equity instruments designated at fair value through other comprehensiveincome; and• financial instruments with contractual terms that could change the timing or amount ofcontractual cash flows based on the occurrence (or non-occurrence) of a contingent event.The FRSC invites your comments on the proposals as set out in the Exposure Draft by 12June 2023 to allow your comments to be considered in developing its response to the IASB.Comments should be supported by specific reasoning and should be submitted in written form.Comments may be sent by mail, fax or e-mail to:
Standard Setting DepartmentHong Kong Institute of Certified Public Accountants37th Floor, Wu Chung House213 Queen’s Road EastWanchai, Hong KongFax number (+852) 2865 6776E-mail: commentletters@hkicpa.org.hkComments will be acknowledged and may be made available for public review unlessotherwise requested by the respondent.
Invitation to Comment on IASB Exposure Draft Amendments to the Classification and Measurement of Financial Instruments (Proposed amendments to IFRS 9 and IFRS 7)
下载原件23 March 2023To: Members of the Hong Kong Institute of CPAsAll other interested partiesINVITATION TO COMMENT ON THE IASB EXPOSURE DRAFTAmendments to the Classification and Measurement ofFinancial Instruments – Proposed amendments to IFRS 9 and IFRS 7Comments to be received by 12 June 2023The Financial Reporting Standards Committee (FRSC) of the Hong Kong Institute of CertifiedPublic Accountants (Institute) is seeking comments on the International Accounting StandardsBoard (IASB) Exposure Draft Amendments to the Classification and Measurement of FinancialInstruments (Exposure Draft). The Exposure Draft, together with a snapshot providing a high-level summary of the proposals, is available on the Institute's website:
https://www.hkicpa.org.hk/en/Standards-setting/Standards/Open-for-comment-documents/fredThe Exposure Draft proposes amendments to IFRS 9 Financial Instruments and IFRS 7Financial Instruments: Disclosures in response to feedback received as part of the Post-implementation Review of IFRS 9 – Classification and Measurement. The Exposure Draftproposes amendments to the requirements for:
• settling financial liabilities using an electronic payment system; and• assessing contractual cash flow characteristics of financial assets, including those withenvironmental, social and governance (ESG)-linked features.The Exposure Draft also proposes amendments or additions to the disclosure requirementsfor:
• investments in equity instruments designated at fair value through other comprehensiveincome; and• financial instruments with contractual terms that could change the timing or amount ofcontractual cash flows based on the occurrence (or non-occurrence) of a contingent event.The FRSC invites your comments on the proposals as set out in the Exposure Draft by 12June 2023 to allow your comments to be considered in developing its response to the IASB.Comments should be supported by specific reasoning and should be submitted in written form.Comments may be sent by mail, fax or e-mail to:
Standard Setting DepartmentHong Kong Institute of Certified Public Accountants37th Floor, Wu Chung House213 Queen’s Road EastWanchai, Hong KongFax number (+852) 2865 6776E-mail: commentletters@hkicpa.org.hkComments will be acknowledged and may be made available for public review unlessotherwise requested by the respondent.