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Amendments to the Fair Value Option (IAS 28)

Project Type:

Influencing

Status:

Active

Milestone:

Consultation

Open for Comment

Deadline: 4 April 2026

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In October 2025, the International Accounting Standards Board (IASB) added this urgent project to its workplan. The project will explore potential narrow-scope amendments to broaden the scope of the option to measure investments in an associate or joint venture using the fair value option.

The IASB published the Exposure Draft (ED) Amendments to the Fair Value Option for Investments in Associates and Joint Ventures on 19 February 2026, with a 60 day comment period. The Project Initiation Plan (PIP) addresses both the influencing and the endorsement and adoption stages of the project.

Background

The IASB proposes to clarify the scope of investments in an associate or joint venture that can be measured using the fair value option. Some stakeholders have raised concerns with the IASB about diversity in practice in the interpretation of the scope of paragraphs 18–19 of IAS 28 Investments in Associates and Joint Ventures. This may cause a presentational issue for some preparers applying IFRS 18 Presentation and Disclosure in Financial Statements for the first time.

Outreach

The UKEB outreach plan includes discussions with stakeholders and public consultation on the UKEB’s Draft Comment Letter (DCL) after the ED has been published.

Draft Comment Letter

On 5 March 2026, the UKEB published its Draft Comment Letter Amendments to the Fair Value Option (IAS 28). The public consultation period closes on 4 April 2026.

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