BC15 As described in paragraph BC14, some respondents sought clarification or suggested changes on aspects of the Exposure Draft or its development. One area on which respondents sought clarification was how the IASB had developed the proposed disclosure requirements. Based on this feedback, the IASB decided to modify its previous approach of using the disclosure requirements in the IFRS for SMEs Accounting Standard for all topics for which recognition and measurement were the same as IFRS Accounting Standards. Instead, the IASB emphasised that all disclosure requirements in IFRS 19 are from those in IFRS Accounting Standards and that the use of the disclosure requirements from the IFRS for SMEs Accounting Standard had been an efficient starting point. This change in emphasis is consistent with:

(a) the disclosure requirements in the IFRS for SMEs Accounting Standard that are reduced from the disclosure requirements in IFRS Accounting Standards; and

(b) the fact that IFRS 19 and the IFRS for SMEs Accounting Standard will be maintained separately. IFRS 19 will be updated alongside other IFRS Accounting Standards while the IFRS for SMEs Accounting Standard is updated only periodically, and their disclosure requirements are assessed separately using the principles for reducing disclosures taking into account the information needs of users of the financial statements.

BC16 The most significant changes made as a result of the feedback on the proposals in the Exposure Draft were: