| 34.17 | A financial institution applying this FRS shall, in addition to the disclosure requirements in Section 11 Basic Financial Instruments and Section 12 Other Financial Instruments Issues, provide the disclosures in paragraphs 34.19 to 34.33. The disclosures in paragraphs 34.19 to 34.33 are required to be provided in: |
| (a) | the individual financial statements of a financial institution; and |
| (b) | the consolidated financial statements of a group containing a financial institution when the financial instruments held by the financial institution are material to the group. |
| Where this is the case, the disclosures apply regardless of whether the principal activity of the group is being a financial institution or not. The disclosures in paragraphs 34.19 to 34.33 only need to be given in respect of financial instruments held by entities within the group that are financial institutions. [AMD 557] |
| 34.18 | [Deleted] [AMD 558] |
| AMD 557 Amendment Paragraph 34.17 amended by Amendments to FRS 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland – Triennial review 2017 – Incremental improvements and clarifications (issued December 2017) Effective date 01/01/2019 Previous text 34.17 A financial institution (other than a retirement benefit plan) applying this FRS shall, in addition to the disclosure requirements in Section 11 Basic Financial Instruments and Section 12 Other Financial Instruments Issues, provide the disclosures in paragraphs 34.19 to 34.33. The disclosures in paragraphs 34.19 to 34.33 are required to be provided in: (a) the individual financial statements of a financial institution (other than a retirement benefit plan); and (b) the consolidated financial statements of a group containing a financial institution (other than a retirement benefit plan) when the financial instruments held by the financial institution are material to the group. Where this is the case, the disclosures apply regardless of whether the principal activity of the group is being a financial institution or not. The disclosures in paragraphs 34.19 to 34.33 only need to be given in respect of financial instruments held by entities within the group that are financial institutions (other than retirement benefit plans). |
| AMD 558 Amendment Paragraph 34.18 deleted by Amendments to FRS 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland – Triennial review 2017 – Incremental improvements and clarifications (issued December 2017) Effective date 01/01/2019 Previous text 34.18 A retirement benefit plan shall provide the disclosures in paragraphs 34.35 to 34.48 of this FRS. |
|
|
Licence and copyright | © 2018, LexisNexis Group a division of Reed Elsevier (UK) Ltd. All rights reserved. |