CERTYNEX IFRS ACADEMY

Among the conditions of the exception for instruments puttable by the holder, which one has no equivalent in the exception for instruments that oblige delivery of a pro rata share of net assets only on liquidation?

The absence of any other contractual obligation unfavourable to the issuer (16A(d)), which the liquidation exception does not include.

The two exceptions do not differ: they rest on the same list of conditions and on the same reasoning.

The absence of another obligation unfavourable to the issuer, which is required for the liquidation exception but not for the puttable instruments exception.

The fact that the instrument is redeemable in cash at the holder's option, which is a condition specific to the liquidation exception.