RegAlertRule · SECP · 15 Feb 2019
SRO 229 (I)/2019: Modification of IFRS 9 Effective Date
The Securities and Exchange Commission of Pakistan modifies the effective date for the applicability of IFRS 9 (Financial Instruments) in place of IAS 39. The new effective date is set for reporting periods or years ending on or after June 30, 2019, with earlier application permitted. This notification partially modifies S.R.O. 1007(I)/2017 dated October 4, 2017, under the Companies Act, 2017.
GOVERNMENT OF PAKISTAN
SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN -.-.-.- NOTIFICATION Islamabad, the 14 th February, 2019 S.R.O. 229 (I)/2019.- In exercise of the powers conferred by section 510 read with subsection 1 of section 225 of the Companies Act, 2017 (XIX of 2017) (the “Act”) and in partial modification of S.R.O. 1007(I)/2017 dated 4 th October, 2017, the Securities and Exchange Commission of Pakistan (the “Commission”) is pleased to modify the effective date for applicability of IFRS 9 (Financial Instruments) in place of IAS 39 (Financial Instruments:
Recognition and Measurement) as “Reporting period/ Year ending on or after June 30, 2019 (earlier application is permitted)”. ___________________________________________________________________________ [File. No. EMD/IACC/4/2009]
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- Permission 1
- Definition / condition 2
- background, boilerplate
Lineage: Amended
A newer document in RegAlert amends this one; it applies as amended.
The links and the sentences they come from (6)
- Amended by
“and in partial modification of S.R.O. 229 (I)/2019, dated 14 th February, 2019”
“in partial modification of S.R.O. 229 (I)/2019, dated 14 th February, 2019”
- SRO 985 (I)/2019 Notification IFRS 92019 · SECP
“in partial modification of its previous S.R.O. 229(I)/2019 dated February 14, 2019”
- Amends
- SRO 1007 (I)/2017 Adoption of IFRSs2017 · SECP
“and in partial modification of S.R.O. 1007(I)/2017 dated 4 th October, 2017”
- 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 subsection 1 of section 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 3 times · last 2020-02-25
- 2020-02-25
SECPSRO 131 (I)/2019 Notification for deferment of IFRS-9 for Modarabasamends
- 2019-11-12
- 2019-09-03
This document amends: SRO 1007 (I)/2017 Adoption of IFRSs
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