RegAlert

Rule · SECP · 3 Feb 2023

SRO 1827(I)/2022 – Modification of Effective Date for IFRS 9 Applicability to June 30, 2024

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The Securities and Exchange Commission of Pakistan modified the effective date for applying International Financial Reporting Standard 9 – Financial Instruments in place of International Accounting Standard 39 for Non-Banking Finance Companies and Modarabas. The new applicability is for reporting periods or years ending on or after June 30, 2024, with earlier application permitted. This modifies S.R.O. 273(I)/2020, S.R.O. 321(I)/2020 and S.R.O. 800(I)/2021.

PakistanSecurities and Exchange Commission of Pakistan

GOVERNMENT OF PAKISTAN
SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN -.-.-.-

Islamabad, September 29, 2022

NOTIFICATION

S. R. O. 1827 (I)/2022. - 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 modification of S.R.O. 273 (I)/2020 dated March 30, 2020, S.R.O 321(I)/2020 dated April 17, 2020 and S.R.O 800(I)/2021, the Securities and Exchange Commission of Pakistan is pleased to modify the effective date for applicability of International Financial Reporting Standard 9 - Financial Instruments in place of International Accounting Standard 39 (Financial Instruments: Recognition and Measurement) for Non-Banking Finance Companies and Modarabas, as “Reporting period/year ending on or after June 30, 2024 (earlier application is permitted)”.

[File. No. SC/NBFC-191/IFRS-9/2022]

( Bilal Rasul )
Secretary to the Commission

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The Companies Act, 2017 (Act No.XIX of 2017)2017 · PK-LAWThe Companies Act, 2017 (Act No. XIX of 2017) (2017-05-30)SRO 273(I)/2020 – Change in theEffective Date of IFRS-92020 · SECPSRO 273(I)/2020 – Change in the Effective Date of IFRS-9 (2020-03-30)S.R.O No. 321(I)/2020 dated2020-04-17Not in RegAlertS.R.O No. 321(I)/2020 dated 2020-04-17 — Not in RegAlertS.R.O No. 800(I)/2021 of 2021Not in RegAlertS.R.O No. 800(I)/2021 of 2021 — Not in RegAlertSRO 1827(I)/2022 –Modification of Effective Dat…2023-02-03 · this documentSRO 1827(I)/2022 – Modification of Effective Date for IFRS 9 Applicability to June 30, 2024 (2023-02-03)
amendssupersedesissued underrefers todashed card: not in RegAlert (or proposed)arrows run from the older text to the one that changes it
The links and the sentences they come from (4)
Amends
  • SRO 273(I)/2020 – Change in the Effective Date of IFRS-92020 · SECP

    “in modification of S.R.O. 273 (I)/2020 dated March 30, 2020”

  • S.R.O No. 321(I)/2020 dated 2020-04-17Not in RegAlert

    “S.R.O 321(I)/2020 dated April 17, 2020”

  • S.R.O No. 800(I)/2021 of 2021Not in RegAlert

    “and S.R.O 800(I)/2021”

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This document amends: SRO 273(I)/2020 – Change in the Effective Date of IFRS-9

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