IAS 28: amendments to the fair value option finalised

The IASB confirmed the main clarifications proposed in the exposure draft, explicitly aligning them with IFRS 18: 

entities with a main business activity of investing in certain types of assets, as defined in paragraph 49(a) of IFRS 18, can apply the fair value option set out in IAS 28; 

the amendments shall be applied at the same time as IFRS 18, with the same transition requirements as those for that standard. The amendments are narrow-scope and do not broadly extend the fair value option for general use. They are particularly aimed at clarifying the application of the existing requirements of IAS 28 before IFRS 18 comes into effect on 1 January 2027. 

However, the IASB has indicated that it may explore the possibility of an unrestricted fair value option in its future work. 

Following this meeting, the IASB decided that a new exposure draft was not necessary and the amendments could be finalised. 

The final version of the amendments is expected to be published in mid-2026.