RegAlertRule · SECP · 12 Nov 2019
SRO 1332(I)/2019 Notification International Financial Reporting Standard – Financial Instruments (IFRS 9)
The Securities and Exchange Commission of Pakistan modifies the effective date for the applicability of International Financial Reporting Standard - Financial Instruments (IFRS 9) in place of International Accounting Standard (IAS) 39 for Non-Banking Finance Companies. The standard now applies to reporting periods or years ending on or after 30 June 2020, with earlier application permitted. This modification partially alters S.R.O. 229 (I)/2019 dated 14 February 2019.
GOVERNMENT OF PAKISTAN
SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN -.-.-.- Islamabad, the 7 th November, 2019 NOTIFICATION S. R. O. 1332(I)/2019. - In exercise of the powers conferred by section 510, read with sub-section (1) of sections 225 of the Companies Act, 2017 (XIX of 2017), and in partial modification of S.R.O. 229 (I)/2019, dated 14 th February, 2019, the Securities and Exchange Commission of Pakistan is pleased to modify the effective date for applicability of International Financial Reporting Standard - Financial Instruments (IFRS 9) in place of International Accounting Standard (IAS) 39 (Financial Instruments:
Recognition and Measurement) for Non-Banking Finance Companies as “Reporting period/year ending on or after 30 th June, 2020 (earlier application is permitted)”. [File. No. SC/NBFC-191/IFRS-9/2019]
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- Definition / condition 3
- background, boilerplate
Lineage: Amended
A newer document in RegAlert amends this one; it applies as amended.
The links and the sentences they come from (4)
- Amended by
“in modification of S.R.O. 1332 (I)/2019 dated November 7, 2019”
- Amends
“in partial modification of S.R.O. 229 (I)/2019, dated 14 th February, 2019”
- Issued under
- The Companies Act, 2017 (Act No. XIX of 2017)2017 · PK-LAW
“In exercise of the powers conferred by section 510, read with sub-section (1) of sections 225 of the Companies Act, 2017 (XIX of 2017)”
- Basis for
- Relief from requirements contained in IFRS 92020 · SECP
“read with S.R.O. 229(I)/2019 dated February 14, 2019 and S.R.O. 1332(I)/2019, dated November 7, 2019”
Timeline
Amended 1 time · last 2020-03-30
- 2020-03-30
SECPSRO 273(I)/2020 – Change in the Effective Date of IFRS-9amends
This document amends: SRO 229 (I)/2019: Modification of IFRS 9 Effective Date
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