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Division PRESENTATION Liabilities and equity (see also paragraphs AG13-AG14J and AG25–AG29A)F1

United Kingdom Repealed

Original text. Later amendments are not shown.

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  1. …Division …
  2. 16When an issuer applies the definitions in paragraph 11 to determine whether a financial instrument is an equity instrument rather than a financial liability, the instrument is an equity instrument if, and only if, both conditions (a) and (b) below are met.
  3. Puttable instruments
  4. Instruments, or components of instruments, that impose on the entity an obligation to deliver to another party a pro rata share of the net assets of the entity only on liquidation
  5. Reclassification of puttable instruments and instruments that impose on the entity an obligation to deliver to another party a pro rata share of the net assets of the entity only on liquidation
  6. Division
  7. No contractual obligation to deliver cash or another financial asset (paragraph 16(a))
  8. Division
  9. Settlement in the entity’s own equity instruments (paragraph 16(b))
  10. Contingent settlement provisions

Annotations

Textual amendments

F1

Regulation revoked (31.12.2020) by The International Accounting Standards and European Public Limited-Liability Company (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/685), reg. 1(2), Sch. 2 para. 7 (with reg. 20(2)) (as amended by S.I. 2020/335, regs. 1, 5); 2020 c. 1, Sch. 5 para. 1(1)