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EFRAG identified one point in relation to the Fair Value Option in that paragraph 9 would still permit an entity to designate a liability as at fair value through profit-loss.
In relation to the hedging carve-out EFRAG members discussed whether paragraph 49 might work against the Commission’s objective.
The TEG members believe that there are significant side effects that could result in less reliable accounting relating specifically to the relaxation of the hedging effectiveness test.
Full response
Comment letters considered in formulating the EFRAG response