EFRAG's overall preliminary assessment is that the Amendments satisfy the criteria for endorsement for use in the EU and therefore recommends their endorsement.
EFRAG has issued a draft endorsement advice letter and a separate invitation to comment relating to the endorsement for use in the EU of Classification and Measurement of Share-based Payment Transactions - Amendments to IFRS 2 ('the Amendments').
The objective of the Amendments is to provide guidance on three issues reported by the IFRS Interpretations Committee regarding:
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The effects of vesting conditions on the measurement of a cash-settled share-based payment
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The classification of share-based payment transactions with net settlement features for withholding tax obligations
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The accounting for a modification to the terms and conditions of a share-based payment that changes the classification of the transaction from cash-settled to equity-settled
The Amendments become effective for annual periods beginning on or after 1 January 2018, with earlier application permitted.
EFRAG is seeking comments on all aspects of its analyses supporting its preliminary conclusions.
Comments are requested by 10 November 2016.
Full press release
© EFRAG - European Financial Reporting Advisory Group
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