Reassessing investment entity status

Learning objectives

• Identify the changes in facts that require an entity to reassess whether it is an investment entity.L3

Normative references

• IFRS 10 §29A parent reassesses whether it is an investment entity if facts and circumstances indicate that there are changes to one or more of the three elements of the definition or to the typical characteristics.

Original summaries of the paragraphs (reference register), never a quotation of the standard.

1 question

• 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?L3