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Amendments to the Fair Value Option (IAS 28)

Project Type:

Influencing

Status:

Active

Milestone:

Final Documents

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 included discussions with stakeholders and public consultation on the UKEB’s Draft Comment Letter (DCL).

Final Comment Letter

All responses received were considered when finalising the Comment Letter. The UKEB Comment Letter was published on 23 April 2026. An accompanying Feedback Statement, describing how feedback received from stakeholders was addressed, was also published on the same date.

The following relevant documents are available at the foot of this page:

  1. Draft Comment Letter and Invitation to Comment
  2. Responses from stakeholders
  3. Final Comment Letter
  4. Feedback Statement

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