Amendments to the Fair Value Option (IAS 28)
Project Type:
Endorsement
Status:
Active
Milestone:
Initiation
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 clarify the scope of the option to measure investments in an associate or joint venture using the fair value option.
Given the urgency of the project, an Exposure Draft (ED) is expected to be published in 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.
Final amendments are expected to be published in June 2026, when it is anticipated that the UKEB will commence formal endorsement work.
Background
The IASB is developing proposals 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 Endorsement Assessment Criteria (DECA).
UKEB Meetings
UKEB Meetings
- 29 January 2026: Project Initiation Plan
Timeline
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1
Initiation
Hide all milestone documentation
The UKEB published its Project Initiation Plan on 10 February 2026.
Project Initiation Plan - Amendments to the Fair Value Option (IAS 28)