Investment Entities: Applying the Consolidation Exception (Amendments to IFRS 10, IFRS 12 and IAS 28) is a narrow-scope amendment to IFRS 10 Consolidated Financial Statements, IFRS 12 Disclosure of Interests in Other Entities and IAS 28 Investments in Associates and Joint Ventures.
It clarifies the requirements when accounting for investment entities in relation to the exemption from consolidation. The amendments can be applied immediately and are mandatory for periods beginning on or after 1 January 2016.