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IAS/IFRS Standards and Interpretations

IAS 39 carve-out

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IAS 39 temporary carve-out (2005)

Please see the latest version of IAS 39 with highlighted carve-out - as of 1 January 2008

In 2004 there were two carve-outs in IAS 39 (Commission Regulation (EC) No 2086/2004 of 19.11.2004) concerning:

The fair value option, and

Hedge accounting

Subsequently, the fair value option carve out was resolved through Commission Regulation (EC) No 1864/2005 of 15. 11.2005.

The accounting services of the Commission are working together with IASB and EBF to resolve the remaining hedge accounting carve-out.

Related documents:

20.06.2005 | EFRAG: IAS 39 Amendments – Financial Instruments: Recognition and Measurement: The Fair Value Option
19.11.2004 | Commission declaration regarding IAS 39

27.09.2004

ARC working document highlighting carved-out parts of IAS 39
Please note that some paragraphs numbers have changes, notably AG99A and AG99B to AG99C and AG99D.

27.09.2004 | IAS 39 carve-out: explanatory memorandum
26.09.2004 | EFRAG: Technical input on IAS 39 carve-out
08.07.2004 | EFRAG: IAS 39 Amendments – Financial Instruments: Recognition and Measurement

Press:

15.11.2005 | Commission endorses "IAS 39 Fair Value Option"
11.07.2005 | Frequently Asked Questions (FAQ) on Financial instruments: recognition and measurement - IAS 39 The Fair Value Option
08.07.2005 | Financial reporting: EU Accounting Regulatory Committee supports Commission proposal to endorse “IAS 39 Fair Value Option”
19.11.2004 | IAS 39 Financial Instruments: Recognition and Measurement - Frequently Asked Questions (FAQ)
19.11.2004 | Commission endorses IAS 39

See also:

International accounting standards Board (IASB)

European Banking Federation (EBF)

Last update: 03.11.2009