2017/3018(RPS) | [ParlTrack]

2017/3018(RPS) International Financial Reporting Standard 9: amendments

Progress: Procedure completed

Role	Committee	Rapporteur	Shadows
Lead	ECON
Committee Opinion	JURI

Lead committee dossier:

ECON/8/11841

Subjects

2.50.08 Financial services, financial reporting and auditing

Events

2018/02/07

EP - Decision by Parliament

Details

The European Parliament decided to raise no objections to the draft Commission regulation amending Regulation (EC) No 1126/2008 adopting certain international accounting standards in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council as regards amendments to International Financial Reporting Standard 9.

It is recalled that the International Accounting Standards Board (IASB) issued on 12 October 2017 amendments to International Financial Reporting Standard (IFRS) 9 – Financial Instruments. Those amendments are aimed at creating clarity and consistency in the classification of debt instruments with negative prepayment option.

The IASB set the effective date for this amendment to IFRS 9 as of 1 January 2019 with earlier application permitted. Accounting for financial instruments under IFRS 9 is required already as of 1 January 2018 .

Parliament stressed that the Commission was aiming for the amendments to Regulation (EC) No 1126/2008 adopting certain international accounting standards to be published before the end of March 2018 in order to be applicable for financial periods starting on or after 1 January 2018.

Therefore, it declared that it has no objections to the draft Commission regulation.

Documents

T8-0027/2018

2018/02/06

EP - Motion for a resolution

Documents

B8-0066/2018

2018/02/05

EP - Decision by committee, without report

2018/01/17

EP - Committee referral announced in Parliament

2017/12/11

EC - Non-legislative basic document

Documents

D054380/02

2017/12/11

EC - Non-legislative basic document published

Documents

D054380/02

Documents

Decision by Parliament: T8-0027/2018
Motion for a resolution: B8-0066/2018
Non-legislative basic document: D054380/02
Non-legislative basic document published: D054380/02
Non-legislative basic document: D054380/02
Motion for a resolution: B8-0066/2018

History

(these mark the time of scraping, not the official date of the change)

2023-08-03Show (1) Changes | Timetravel

committees/0/associated

Old

True

New

2021-12-18Show (4) Changes | Timetravel

docs/1/docs/0/url	Old http://www.europarl.europa.eu/doceo/document/B-8-2018-0066_EN.html New https://www.europarl.europa.eu/doceo/document/B-8-2018-0066_EN.html
events/1/type	Old Committee referral announced in Parliament, 1st reading/single reading New Committee referral announced in Parliament
events/3	date 2018-02-07T00:00:00 type Decision by Parliament body EP docs url: https://www.europarl.europa.eu/doceo/document/TA-8-2018-0027_EN.html title: T8-0027/2018 summary The European Parliament decided to raise no objections to the draft Commission regulation amending Regulation (EC) No 1126/2008 adopting certain international accounting standards in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council as regards amendments to International Financial Reporting Standard 9. It is recalled that the International Accounting Standards Board (IASB) issued on 12 October 2017 amendments to International Financial Reporting Standard (IFRS) 9 – Financial Instruments. Those amendments are aimed at creating clarity and consistency in the classification of debt instruments with negative prepayment option. The IASB set the effective date for this amendment to IFRS 9 as of 1 January 2019 with earlier application permitted. Accounting for financial instruments under IFRS 9 is required already as of 1 January 2018 . Parliament stressed that the Commission was aiming for the amendments to Regulation (EC) No 1126/2008 adopting certain international accounting standards to be published before the end of March 2018 in order to be applicable for financial periods starting on or after 1 January 2018. Therefore, it declared that it has no objections to the draft Commission regulation.
events/3	date 2018-02-07T00:00:00 type Decision by Parliament, 1st reading/single reading body EP docs url: http://www.europarl.europa.eu/doceo/document/TA-8-2018-0027_EN.html title: T8-0027/2018 summary The European Parliament decided to raise no objections to the draft Commission regulation amending Regulation (EC) No 1126/2008 adopting certain international accounting standards in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council as regards amendments to International Financial Reporting Standard 9. It is recalled that the International Accounting Standards Board (IASB) issued on 12 October 2017 amendments to International Financial Reporting Standard (IFRS) 9 – Financial Instruments. Those amendments are aimed at creating clarity and consistency in the classification of debt instruments with negative prepayment option. The IASB set the effective date for this amendment to IFRS 9 as of 1 January 2019 with earlier application permitted. Accounting for financial instruments under IFRS 9 is required already as of 1 January 2018 . Parliament stressed that the Commission was aiming for the amendments to Regulation (EC) No 1126/2008 adopting certain international accounting standards to be published before the end of March 2018 in order to be applicable for financial periods starting on or after 1 January 2018. Therefore, it declared that it has no objections to the draft Commission regulation.

2020-01-19Show (2) Changes | Timetravel

docs/1/docs/0/url	Old http://www.europarl.europa.eu/sides/getDoc.do?type=MOTION&reference=B8-2018-0066&language=EN New http://www.europarl.europa.eu/doceo/document/B-8-2018-0066_EN.html
events/3/docs/0/url	Old http://www.europarl.europa.eu/sides/getDoc.do?type=TA&language=EN&reference=P8-TA-2018-0027 New http://www.europarl.europa.eu/doceo/document/TA-8-2018-0027_EN.html

2019-09-04Show (2) Changes | Timetravel

committees/0/date
committees/1/date

2019-07-06Show (11) Changes | Timetravel

activities	date: 2017-12-11T00:00:00 docs: type: Non-legislative basic document published title: D054380/02 body: EC commission: type: Non-legislative basic document published date: 2018-01-17T00:00:00 body: EP type: Committee referral announced in Parliament, 1st reading/single reading committees: body: EP responsible: True committee_full: Economic and Monetary Affairs (Associated committee) committee: ECON body: EP responsible: False committee_full: Legal Affairs (Associated committee) committee: JURI date: 2018-02-05T00:00:00 body: EP type: Decision by committee, without report date: 2018-02-07T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=TA&language=EN&reference=P8-TA-2018-0027 type: Decision by Parliament, 1st reading/single reading title: T8-0027/2018 body: EP type: Decision by Parliament, 1st reading/single reading
committees/0	type Responsible Committee body EP associated True committee_full Economic and Monetary Affairs committee ECON date
committees/0	body EP responsible True committee_full Economic and Monetary Affairs (Associated committee) committee ECON
committees/1	type Committee Opinion body EP associated True committee_full Legal Affairs committee JURI date
committees/1	body EP responsible False committee_full Legal Affairs (Associated committee) committee JURI
docs	date: 2017-12-11T00:00:00 docs: title: D054380/02 type: Non-legislative basic document body: EC date: 2018-02-06T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=MOTION&reference=B8-2018-0066&language=EN title: B8-0066/2018 type: Motion for a resolution body: EP
events	date: 2017-12-11T00:00:00 type: Non-legislative basic document published body: EC docs: title: D054380/02 date: 2018-01-17T00:00:00 type: Committee referral announced in Parliament, 1st reading/single reading body: EP date: 2018-02-05T00:00:00 type: Decision by committee, without report body: EP date: 2018-02-07T00:00:00 type: Decision by Parliament, 1st reading/single reading body: EP docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=TA&language=EN&reference=P8-TA-2018-0027 title: T8-0027/2018 summary: The European Parliament decided to raise no objections to the draft Commission regulation amending Regulation (EC) No 1126/2008 adopting certain international accounting standards in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council as regards amendments to International Financial Reporting Standard 9. It is recalled that the International Accounting Standards Board (IASB) issued on 12 October 2017 amendments to International Financial Reporting Standard (IFRS) 9 – Financial Instruments. Those amendments are aimed at creating clarity and consistency in the classification of debt instruments with negative prepayment option. The IASB set the effective date for this amendment to IFRS 9 as of 1 January 2019 with earlier application permitted. Accounting for financial instruments under IFRS 9 is required already as of 1 January 2018 . Parliament stressed that the Commission was aiming for the amendments to Regulation (EC) No 1126/2008 adopting certain international accounting standards to be published before the end of March 2018 in order to be applicable for financial periods starting on or after 1 January 2018. Therefore, it declared that it has no objections to the draft Commission regulation.
links
other
procedure/dossier_of_the_committee	Old ECON/8/11841 New ECON/8/11841
procedure/subject	Old 2.50.08 Financial services, financial reporting and auditing New 2.50.08 Financial services, financial reporting and auditing

2018-02-10Show (5) Changes

activities	date: 2017-12-11T00:00:00 docs: type: Non-legislative basic document published title: D054380/02 body: EC commission: type: Non-legislative basic document published date: 2018-01-17T00:00:00 body: EP type: Committee referral announced in Parliament, 1st reading/single reading committees: body: EP responsible: True committee_full: Economic and Monetary Affairs (Associated committee) committee: ECON body: EP responsible: False committee_full: Legal Affairs (Associated committee) committee: JURI date: 2018-02-05T00:00:00 body: EP type: Decision by committee, without report date: 2018-02-07T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=TA&language=EN&reference=P8-TA-2018-0027 type: Decision by Parliament, 1st reading/single reading title: T8-0027/2018 body: EP type: Decision by Parliament, 1st reading/single reading
committees	body: EP responsible: True committee_full: Economic and Monetary Affairs (Associated committee) committee: ECON body: EP responsible: False committee_full: Legal Affairs (Associated committee) committee: JURI
links
other
procedure	dossier_of_the_committee ECON/8/11841 reference 2017/3018(RPS) title International Financial Reporting Standard 9: amendments stage_reached Procedure completed subtype Comitology with scrutiny type RPS - Implementing acts subject 2.50.08 Financial services, financial reporting and auditing

Progress: Procedure completed

Lead committee dossier:

ECON/8/11841

Subjects

Links

Events

Documents

History

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