3 Subject to paragraphs 4 and 5 below, this Interpretation applies to all embedded derivatives within the scope of IAS 39.

4 This Interpretation does not address remeasurement issues arising from a reassessment of embedded derivatives.

5 This Interpretation does not apply to embedded derivatives in contracts acquired in:

(a) a business combination (as defined in IFRS 3 (as revised in 2008));

(b) a combination of entities or businesses under common control as described in paragraphs B1-B4 of IFRS 3 (revised 2008); or

(c) the formation of a joint venture as defined in IFRS 11 Joint Arrangements

or their possible reassessment at the date of acquisition [IFRS 3 (as revised in 2008) addresses the acquisition of contracts with embedded derivatives in a business combination.].