Commission Regulation (EU) 2018/498 of 22 March 2018 amending Regulation (EC) No 1126/2008 adopting certain international accounting standards in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council as regards International Financial Reporting Standard 9 (Text with EEA relevance) (revoked)

EU Regulation 2018/498 · Adopted 22 March 2018 · Extends to United Kingdom

Commission Regulation (EU) 2018/498

of 22 March 2018

amending Regulation (EC) No 1126/2008 adopting certain international accounting standards in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council as regards International Financial Reporting Standard 9

(Text with EEA relevance) (revoked)

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Annotations to the whole text

Textual amendments

F1: Regulation revoked (31.12.2020) by S.I. 2019/685, Sch. 2 para. 61A (as inserted by The Statutory Auditors, Third Country Auditors and International Accounting Standards (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/1392), regs. 1(2), 12(b); 2020 c. 1, Sch. 5 para. 1(1))

1Article 1 Repealed
2Article 2 Repealed
3Article 3 Repealed
Signature
Annex Repealed
(Amendments to IFRS 9) Repealed
Amendments to IFRS 9 Financial Instruments Repealed
Effective date and transition Repealed
7.1EFFECTIVE DATE Repealed
7.2TRANSITION Repealed
CLASSIFICATION (CHAPTER 4) Repealed
Classification of financial assets (Section 4.1) Repealed
Contractual cash flows that are solely payments of principal and interest on the principal amount outstanding Repealed
Contractual terms that change the timing or amount of contractual cash flows Repealed
B4.1.10Division B4.1.10 Repealed
B4.1.11The following are examples of contractual terms that result in contractual cash flows that are solely payments of principal and interest on the principal amount outstanding: Repealed
B4.1.12Despite paragraph B4.1.10, a financial asset that would otherwise meet the condition in paragraphs 4.1.2(b) and 4.1.2 A(b) but does not do so only as a result of a contractual term that permits (or requires) the issuer to prepay a debt instrument or permits (or requires) the holder to put a debt instrument back to the issuer before maturity is eligible to be measured at amortised cost or fair value through other comprehensive income (subject to meeting the condition in paragraph 4.1.2(a) or the condition in paragraph 4.1.2 A(a)) if: Repealed
B4.1.12 ADivision B4.1.12 A Repealed

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Signature

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Amendments to IFRS 9 Financial InstrumentsF1

Paragraph 7.1.7 is added. A new heading and paragraphs 7.2.29–7.2.34 are added.

In Appendix B, paragraphs B4.1.11(b) and B4.1.12(b) are amended. Paragraph B4.1.12 A is added. Paragraph B4.1.10 has not been amended but has been included for ease of reference.