Appendix C List of amendments issued in 2020
Table C lists the main amendments to IFRS 17 issued in June 2020 with a reference to the rationale for those amendments included in this Basis for Conclusions (see paragraphs BC6A-BC6C).
The Board also:
(a) made minor amendments to correct cases in which the drafting of IFRS 17 did not achieve the Board's intended outcome; and
(b) considered but rejected other amendments suggested by stakeholders - for example, suggestions to amend the annual cohort requirement (see paragraphs BC139A-BC139T).
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Table C Main amendments to IFRS 17 issued in June 2020 |
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Area of amendment |
Paragraphs in Basis for Conclusions on IFRS 17 |
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Scope exclusions - credit card contracts and similar contracts that provide credit or payment arrangements |
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Scope exclusions - specified contracts such as loan contracts with death waivers |
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Insurance acquisition cash flows |
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The effect of accounting estimates made in interim financial statements |
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Risk mitigation option using instruments other than derivatives | |