On or about 4 December 2019, the Accounting Standards Council (ASC) has issued Amendments to SFRS(I) 9, SFRS(I) 1-39 and SFRS(I) 7: Interest Rate Benchmark Reform and Amendments to FRS 109, FRS 39 and FRS 107: Interest Rate Benchmark Reform, effective for annual reporting periods beginning on or after 1 January 2020.

For more information, please visit the ASC website.

Source: ASC website, 4 December 2019