CERTYNEX IFRS ACADEMY

The Ancre fund, until now an investment entity, decides to stop measuring the performance of its investments at fair value: one of the elements of the definition changes (case data). What must Ancre do about its investment entity status?

Keep it, that status being determined once and for all when the fund is set up, whatever happens to its activities.

Reassess it, since the facts and circumstances indicate a change in one of the elements of the definition.

Wait for the next annual reporting date to consider whether to reassess, no reassessment during the year being provided for.

Lose it immediately and without analysis, any change in an element of the definition causing the status to be lost.