Consultation outcome

IFRS 17 Insurance Contracts: Exposure Draft

From:
HM Treasury
Published
5 January 2023
Last updated
13 July 2023 — See all updates
This consultation has concluded

Detail of outcome

The IFRS 17: Insurance Contracts Application Guidance has been published on GOV.UK. The Standard is being applied by HM Treasury in the Government Financial Reporting Manual (FReM) from 1 April 2025.

Detail of feedback received

After collating and reviewing the responses from the consultation (closed on 24 February 2023), a summary paper was brought to FRAB for comment and discussion - refer to FRAB 149 (07).

Original consultation

Summary

Public consultation on HM Treasury proposals for the application of IFRS 17 Insurance Contracts across Central Government

This consultation ran from
to

Consultation description

Public consultation on HM Treasury proposals for the application of IFRS 17 Insurance Contracts across Central Government:

  • the document contains HM Treasury proposals for implementing a new International Financial Reporting Standard across Central Government

  • its publication forms part of due processes for such changes

  • it is a technical document that gives an overview of the new standard and matters relating to its application across Central Government

  • it invites comment from interested parties on the proposed approach

Documents

IFRS 17 Insurance Contracts: Exposure Draft

PDF, 907 KB, 52 pages

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Published 5 January 2023
Last updated 13 July 2023 + show all updates

  1. Updated page for public responses and final outcome

  2. First published.

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