ESMA prepares for new International Financial Reporting Standard 9

November 10, 2016

The European Securities and Markets Authority (ESMA) has published a public statement on Issues for consideration in implementing IFRS 9: Financial Instruments (the Statement) which highlights both the need for consistent, high-quality implementation of IFRS 9 and the need for transparency on its impact to users of financial statements.

The IFRS 9 effective date of application in the EU should be 1 January 2018.

The press release can be found on the ESMA website here.

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