Call for comments on [Draft] Endorsement Criteria Assessment: IFRS 17 Insurance Contracts

Date: 11 November 2021

The UKEB has published its [Draft] Endorsement Criteria Assessment: IFRS 17 Insurance Contracts and welcomes stakeholders’ views on the potential adoption of IFRS 17 for use in the UK.

If you would like to comment, please complete the ‘Your Details’ form and provide feedback using the ‘Invitation to Comment’ template, both of which can be found on the UKEB website here. Please respond no later than close of business on 3 February 2022 to


IFRS 17 establishes principles for the recognition, measurement, presentation and disclosure of insurance contracts within the scope of the standard. IFRS 17 is effective for annual periods beginning on or after 1 January 2023. Earlier application is permitted but only for entities that apply IFRS 9 Financial Instruments on or before the date of initial application of IFRS 17.  

The [Draft] Endorsement Criteria Assessment presents the work performed by the UKEB to assess whether IFRS 17 meets the UK’s statutory requirements for adoption of IFRS.

For information on the UKEB’s IFRS 17 endorsement project, including:

  • [Draft] Endorsement Criteria Assessment document
  • Invitation to Comment template (and the associated ‘Your Details’ document)
  • Other supporting materials (including an economic report and information on webinars, roundtable discussions and surveys)

Please refer to the UKEB website here