As noted in the EFRAG endorsement advice on IFRS 9 Financial Instruments, EFRAG committed to sending an update on the IASB’s progress towards addressing concerns about the impact of the misalignment of the effective dates of IFRS 9 and the forthcoming insurance contracts standard.

Comments are requested on the draft letter by noon on 20 November 2015 as the letter will be finalised at the meeting of the EFRAG Board on 24 November 2015.