The IFRS 17: Insurance Contracts Application Guidance has been published on GOV.UK. The Standard is being applied by HM Treasury in the Government Financial Reporting Manual (FReM) from 1 April 2025.
After collating and reviewing the responses from the consultation (closed on 24 February 2023), a summary paper was brought to FRAB for comment and discussion - refer to FRAB 149 (07).
Public consultation on HM Treasury proposals for the application of IFRS 17 Insurance Contracts across Central Government:
the document contains HM Treasury proposals for implementing a new International Financial Reporting Standard across Central Government
its publication forms part of due processes for such changes
it is a technical document that gives an overview of the new standard and matters relating to its application across Central Government
it invites comment from interested parties on the proposed approach
