IFRS 10Chapter 3Lesson 2
Substantive rights and protective rights
Step 1 of 8Learning objectives
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Only substantive rights, which their holder can exercise in practice, can confer power; protective rights defend an interest without giving power, but their becoming exercisable can require a reassessment.
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Learning objectives
- Distinguish a substantive right from a non-substantive one.
- Justify, from the facts, whether a right is substantive or not.
- Distinguish protective rights from rights that confer power.
- Explain why protective rights that become exercisable can require a reassessment.