FRED 30 and Recently Proposed Revisions to IAS 32 and IAS 39 by the ASB

ACT Response sent via e-mail to the ASB from the ACT Derivatives Accounting Working Group (DAWG)

We appreciate this opportunity to comment on FRED 30 and on the IASB’s exposure draft of proposed amendments to IAS 32 and IAS 39. This letter represents the views of the ACT Derivatives Accounting Working Group (“DAWG”) (Appendix 1) and has been agreed by the ACT Technical Committee. Whilst it follows consultation with and endorsement by many of our members, we cannot be certain that it would be representative of all views within the membership of the ACT.