IFRS 17 effective date

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IFRS 17 effective date

One year deferral or not?

IFRS 17 effective date: one year deferral proposed

The IASB voted today 14 November 2018 to publish an exposure draft that will propose the amendment of IFRS 17 effective date by adding one year to the current 1 January 2021 date.

They also voted to propose the extension of the deferral of IFRS 9 for insurance companies by an extra year.

This decision, if approved after being exposed for comments, would give an extra 12 months to implement the two regulations.

 

For more information on how Deloitte can help with IFRS 17 please visit our dedicated Insurance IFRS 17 page and to keep up to date with the latest news on IFRS 17 visit our IAS Plus site. 

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