BC103 In its redeliberations, the IASB considered the requirements in IAS 8 on changes in accounting policies. The IASB decided the requirements in IAS 8 would not apply to a subsidiary's election to apply IFRS 19 or to the revocation of that election (see paragraph 16 of IFRS 19).

BC104 The IASB also considered the intersection between electing or revoking an election to apply IFRS 19 with the requirement in paragraph 37 of IFRS 18 to present a third statement of financial position in specified circumstances. The IASB noted that applying IFRS 19 does not change the recognition or measurement of items or amounts presented in the primary financial statements. This outcome renders a 'third statement of financial position' unnecessary and therefore paragraph 131 of IFRS 19 would not apply.