EU adopts amendments to IFRS 9 and IFRS 7

The European Union published Regulation (EU) No. 2025/1047 of 27 May 2025 amending Regulation (EU) 2023/1803 with regard to International Financial Reporting Standard 9 and International Financial Reporting Standard 7 in the Official Journal of 28 May 2025. This regulation adopts amendments to IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures.

The amendments, which were published by the International Accounting Standards Board (IASB) on 30 May 2024, concern, among other things, a clarification of the classification of financial assets that are linked to environmental, social and governance (ESG) and similar characteristics. These amendments result from the review of the corresponding part of IFRS 9 Financial Instruments (Post-Implementation Review) carried out in 2022 (see Express Accounting News 24/2024).

The amendments are to be applied to financial years beginning on or after 1 January 2026.