Consultation launched: IVS 220 Non-Financial Liabilities

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The IVSC has launched a consultatoin on new standards covering valuation of Non-Financial Liabilities. Feedback on the proposed new standard “IVS 220 Non-Financial Liabilities” is sought by 1 April 2019.

The valuation of non-financial liabilities project resulted from feedback received during the agenda consultation process conducted by the IVSC in 2017 and 2018.  The project has been led by the Business Valuation Board, with support from the Standards Review Board, Tangible Asset Board and Financial Instruments Board.  As outlined in the Exposure Draft, the Business Valuation Board led a robust standard setting process that entailed research, market engagement, and this Exposure Draft and resulting consultation process. 

This Exposure Draft not only provides the draft standard (IVS 220), but also outlines additional insights on the process, information considered, and ultimate rationale for preliminary conclusions reached by the Boards.

Depending on feedback received as part of this consultation process, the IVSC Boards would propose issuing a final Standard for IVS 220 in mid 2019, with an effective date no earlier than the 1st of January 2020.   As with the entirety of IVS 2017, due to ever changing market conditions, the IVSC will continue to monitor the applicability of IVS 220 during and after the issuance of the final Standard.

Click to download the Exposure Draft

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