Commission Regulation (EC) No 1261/2008 of 16 December 2008

The Commission Regulation (EC) No 1261/2008 of 16 December 2008,, published in the Official Journal of the European Union L338 on 17 December 2008, amends IFRS 2 Share-based Payment.
The amendment to IFRS 2 provides clarification on what are vesting conditions, how to account for non-vesting conditions and how to account for cancellations of a share-based payment arrangement by the entity or the counterparty.
The amendment shall be applied, at the latest, as from the commencement date of its first financial year starting after 31 December 2008.