Amendments to the financial instruments standard

Clarifying classification requirements

In recent meetings, the IASB has discussed amendments to the classification and measurement requirements of IFRS 9, Financial Instruments. This article focuses on changes that the board is making to clarify the classification requirements for lending with contractual terms linking interest rates to the achievement (or otherwise) of targets such as carbon emissions. The amendments have been given priority in the board's work schedule and are due to be published in May 2024.