BC383 In Appendix A, the footnote to the definition of an equity instrument quoted the definition of a liability from the Conceptual Framework for Financial Reporting issued in 2010. Following the issue of the revised Conceptual Framework for Financial Reporting in 2018 (2018 Conceptual Framework), Amendments to References to the Conceptual Framework in IFRS Standards amended the footnote to quote the revised definition of a liability from the 2018 Conceptual Framework.

BC384 The 2018 Conceptual Framework did not address classification of financial instruments with characteristics of both liabilities and equity. In addition, Amendments to References to the Conceptual Framework in IFRS Standards did not amend the guidance on classification of financial instruments in IFRS 2. Therefore the Board does not expect the amendment to the footnote in IFRS 2 to have a significant effect on the application of this Standard.