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Global IFRS 17 Network: Effective Date Deferred


IASB defers the effective date of IFRS 17 and extends the temporary exemption for IFRS 9 to 2023

The Board directed the staff to start the balloting process of the amendments to IFRS 17. The Board also decided that it would issue the amendment to IFRS 4 - reflecting the extension of the fixed expiry date for the temporary exemption from applying IFRS 9 - separately from the amendments to IFRS 17.

Subject to any sweep issues identified during the balloting of the amendments, the Board has now completed its planned re-deliberations of the feedback on the Exposure Draft. The Board expects to issue the amendments to IFRS 17 in the second quarter of 2020.

The views in this In transition are based on our observations from the 17 March 2020 meeting, and they might differ in some respects from the official report of the meeting that will be published by the IASB in an IASB Update at a later date.



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Romina Soler

Romina Soler

Assurance Partner, PwC Malta

Tel: +356 2564 7293

Christopher  Cardona

Christopher Cardona

Assurance Partner, PwC Malta

Tel: +356 2564 2610

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