The IASB has today issued Investment Entities (Amendments to IFRS 10, IFRS 12 and IAS 27).

The Investment Entities amendments provide an exception to the consolidation requirements in IFRS 10 and require investment entities to measure particular subsidiaries at fair value through profit or loss, rather than consolidate them. The amendments also set out disclosure requirements for investment entities.

The amendments are effective from 1 January 2014 with early adoption permitted.

Please find the press release herewith attached.