BC244 The main changes from the proposals in the exposure draft published in May 2009 are as follows:
(a) IFRS 13 excludes from its scope share‑based payment transactions in IFRS 2 and leasing transactions in IAS 17. The exposure draft proposed the following:
(i) replacing the term fair value with another term that reflects the measurement objective for share‑based payment transactions in IFRS 2 and for reacquired rights in a business combination in IFRS 3.
(ii) excluding financial liabilities with a demand feature in IAS 39 [IFRS 9 Financial Instruments replaced IAS 39. IFRS 9 applies to all items that were previously within the scope of IAS 39.] from the scope of an IFRS on fair value measurement.
The exposure draft did not propose excluding leasing transactions from the scope of an IFRS on fair value measurement.
(b) IFRS 13 requires fair value to be measured using the price in the principal market for the asset or liability, or in the absence of a principal market, the most adv
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