Date: March 25, 2013
Issue: Accounting and Auditing
To: International Accounting Standards Board
Filing Type: Regulatory
Description: FIRCA sent a letter to the IASB regarding the Exposure Draft on Novation of Derivatives and Continuation of Hedge Accounting, FIRCA supports the proposal, although recommends allowing the proposed amendment to apply to either required or voluntary novations as a consequence of laws and regulations.