CERTYNEX IFRS ACADEMY

In February, a foreign regulator suspends the operating licence of Féstax's main subsidiary. The event is material; its financial effect cannot yet be estimated at the authorisation date. What disclosure applies?

Mention the suspension without further detail, the amount being unknown.

Recognise an impairment of the subsidiary at 31 December, in the absence of an estimate of the effect.

Describe the suspension and state that its financial effect cannot be estimated.

Wait for a reliable estimate before disclosing anything about the suspension.