IASB extends proposed Risk Mitigation Accounting model consultation comment period
IASB extends proposed Risk Mitigation Accounting model consultation comment period
The International Accounting Standards Board (IASB) has extended the comment period for its Exposure Draft Risk Mitigation Accounting—Proposed amendments to IFRS 9 and IFRS 7 to 30 November 2026, aligning it with the deadline for submitting fieldwork results. This decision responds to stakeholder feedback that additional time is needed to assess the technical and operational implications of the proposals and to allow respondents to incorporate insights from ongoing fieldwork into their comment letters.
The extension also enables broader engagement with preparers, particularly entities still applying hedge accounting under IAS 39 Financial Instruments: Recognition and Measurement, which the IASB proposes to withdraw. The IASB is seeking input from a wide range of stakeholders, including those that may not intend to apply the new model but could still be affected by the proposed changes and the withdrawal of IAS 39, ensuring more comprehensive feedback before finalising the amendments.
The press release may be accessed here.
The extension also enables broader engagement with preparers, particularly entities still applying hedge accounting under IAS 39 Financial Instruments: Recognition and Measurement, which the IASB proposes to withdraw. The IASB is seeking input from a wide range of stakeholders, including those that may not intend to apply the new model but could still be affected by the proposed changes and the withdrawal of IAS 39, ensuring more comprehensive feedback before finalising the amendments.
The press release may be accessed here.