Industry responses to the 2019 IFRS 17 Exposure Draft

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By Thomas Bulpitt, Henny Verheugen, Andrew Kay | 22 October 2019
Following the publication of the IFRS 17 Standard in 2017, the industry identified a number of issues during implementation programmes. During the first quarter of 2019, the IASB considered a range of issues that were raised by industry participants and it issued an Exposure Draft (ED) in June 2019 outlining a number of proposed amendments. The consultation period for the ED closed in September 2019. This note summarises some of the key points and remaining issues raised during the consultation period for the ED, particularly those raised by the European Financial Reporting Advisory Group and the European Insurance CFO Forum.

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