BC7.100 In setting an effective date for narrow-scope amendments, the IASB typically allows for an implementation period of 18 months. A few stakeholders argued that a longer implementation period may be needed by entities whose accounting practices are not aligned with the clarifications made in paragraph B3.1.2A of IFRS 9 on the date of initial recognition or derecognition of financial assets and financial liabilities. These stakeholders said sufficient time would be needed to understand how the requirements might affect the date that financial instruments are derecognised and may require legal reviews of the relevant terms and conditions. Based on this feedback, many IASB members supported a later effective date for the amendments.
BC7.101 However, a majority of IASB members supported an effective date of annual reporting periods beginning on or after 1 January 2026, without the need to restate comparative information (see paragraph BC7.103). These IASB members concluded that there
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