UKEB consults on potential UK adoption of IFRS 17

Released 11 November 2021

The UK Endorsement Board (UKEB) is seeking views on its draft Endorsement Criteria Assessment: IFRS 17 Insurance Contracts, which assesses whether IFRS 17 meets the UK’s statutory requirements of IFRS 17.

IFRS 17 is effective for annual periods beginning on or after 1 January 2023. Earlier application is permitted but only for entities that apply IFRS 9 Financial Instruments on or before the date of initial application of IFRS 17.

Comments are requested by 3 February 2022.

Further details can be found at:

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