On or about 4 December 2019, the Accounting Standards Council (ASC), Singapore, has issued amendments to the FRSs on financial instruments in respect of hedge accounting requirements.
The amendments, Amendments to SFRS(I) and FRS Standards: Interest Rate Benchmark Reform, are aimed to provide relief from potential effects of uncertainty caused by the interest rate benchmark reform, and are effective for annual reporting periods beginning on or after 1 January 2020.
Source: ASC websitee, 4 December 2019