ASC has issued Amendments to the following Singapore financial reporting standards (FRSs) on 29 December 2017:
- FRS 109 Financial Instruments: The amendments deal with the transition requirements for prepayment features with negative compensation.
- FRS 28 Investments in Associates and Joint Ventures: The amendments deal with the application of FRS 109 to other financial instruments in an associate or joint venture where the equity method is not applied.
The amending documents can be downloaded from the Accounting Standards Council (ASC) website.
Source: ASC, 7 January 2018