IASB Request for Information

Post-implementation Review of IFRS 9 Financial Instruments —Classification and Measurement

The International Accounting Standards Board (IASB) is seeking information about how well the classification and measurement requirements in IFRS 9 Financial Instruments are working in practice.

IFRS 9 specifies how an entity classifies and measures its financial assets (such as receivables, fixed interest bonds and equity investments) and financial liabilities (such as payables loans and other borrowings). Since IFRS 9 has now been applied for at least two years, the IASB issued a Request for Information (RFI) to check if the classification and measurement requirements of IFRS 9 are working as intended. NZ IFRS 9 Financial Instruments has been applied by most New Zealand for-profit reporting entities for the same period and we are keen to receive your feedback.  

We want to know about the effect of the classification and measurement requirements of NZ IFRS 9 on preparers, investors, auditors, and regulators. For example, are the requirements resulting in useful information for investors? Are there any unintended consequences or unexpected costs from applying the requirements? Are there any requirements that are difficult to apply?

The RFI does not cover impairment or hedge accounting – these aspects of IFRS 9 will be covered in future RFIs.

Your comments will help us provide feedback to the IASB and will also help us consider whether any other actions are required by the XRB – such as providing further education material and support.

The XRB encourages you to read the RFI and to comment on the proposals directly to us and/or the IASB.


Commenting on the Proposal(s)

This is your opportunity to comment on the RFI.

Send your comments—both formal and informal—to the XRB by 10 December 2021, using the secure upload form below.

All comments received will be considered by the New Zealand Accounting Standards Board (NZASB) of the XRB.

If you choose to send your comments directly to the IASB (due by 28 January 2022), we encourage you to send a copy to the XRB. Your comments can be made electronically to the IASB website by clicking on the following link https://www.ifrs.org/projects/open-for-comment/. First-time users must register to submit electronically.


We intend on publishing all comments on the XRB website, unless they may be defamatory. If you have any objection to this, we will not publish them. However, they will remain subject to the Official Information Act 1982 and, therefore, may be released in part or in full. The Privacy Act 1993 also applies.