IFRS EU endorsement process [June 2026]
The European Financial Reporting Advisory Group (EFRAG) updated its report showing the status of endorsement of each IFRS, including standards, interpretations, and amendments, most recently on 19 June 2026.
Amendments to IFRS 9 and IFRS 7 endorsed for use in the EU
On 27 May 2025, the amendments to IFRS 7 Financial Instruments and IFRS 9 Financial Instruments: Disclosures titled Amendments to the Classification and Measurement of Financial Instruments were endorsed by the European Commission for use in the European Union. The EU’s effective date is the same as the IASB’s effective date (annual periods beginning on or after 1 January 2026).
Amendments were published by the International Accounting Standards Board (IASB) in May 2024.
The need for these amendments was identified as a result of the IASB’s post-implementation review of the classification and measurement requirements of IFRS 9.
Those amendments clarify the classification of financial assets with environmental, social and governance (‘ESG’) and similar features and the settlement of liabilities through electronic payment systems. Those amendments also impose disclosure requirements to increase transparency for investors.
Amendments to IFRS 9 address the following topics:
- Derecognition of a financial liability settled through electronic transfer;
- Classification of financial assets – contractual terms that are consistent with a basic lending arrangement;
- Classification of financial assets – financial assets with non-recourse features; and
- Classification of financial assets – contractually linked instruments.
Amendments to IFRS 7 include:
- Disclosures – investments in equity instruments designated at fair value through other comprehensive income; and
- Disclosures – contractual terms that could change the timing or amount of contractual cash flows on the occurrence (or non-occurrence) of a contingent event.
The amendments are effective for annual reporting periods beginning on or after 1 January 2026, with earlier application permitted. Earlier application is permitted for either all the amendments at the same time or only the amendments to the classification of financial assets.
An entity is required to apply the amendments retrospectively, in accordance with IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors. An entity is not required to restate prior periods to reflect the application of these amendments. An entity may restate prior periods if, and only if, it is possible to do so without the use of hindsight.
You can find more information about Amendments to IFRS 9 and IFRS 7 in our article IASB issued amendments to IFRS 9 and IFRS 7.
You can find the complete text of the adopted amendments on the official Eur-Lex website.
