EU adopts amendments to IFRS 9 and IFRS 7

The European Union published Regulation (EU) No. 2025/1266 of 30 June 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 1 July 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 18 December 2024, relate to the presentation of contracts relating to nature-based electricity (so-called power purchase agreements) in the financial statements of companies (see also Express Accounting News 65/2024).

The amendments are to be applied to financial years beginning on or after 1 January 2026. Early application of the amendments is permitted according to the IASB.