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Division 4.1 CLASSIFICATION OF FINANCIAL ASSETSF1

United Kingdom Repealed

Original text. Later amendments are not shown.

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  1. 4.1.1Unless paragraph 4.1.5 applies, an entity shall classify financial assets as subsequently measured at amortised cost, fair value through other comprehensive income or fair value through profit or loss on the basis of both:
  2. 4.1.2A financial asset shall be measured at amortised cost if both of the following conditions are met:
  3. 4.1.2 AA financial asset shall be measured at fair value through other comprehensive income if both of the following conditions are met:
  4. 4.1.3For the purpose of applying paragraphs 4.1.2(b) and 4.1.2 A(b):
  5. 4.1.4Division 4.1.4
  6. Option to designate a financial asset at fair value through profit or loss

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. 54 (with reg. 20(2)) (as amended by S.I. 2020/335, regs. 1, 5); 2020 c. 1, Sch. 5 para. 1(1)