Exposure Draft Proposed Amendments to IFRS 2 - Vesting Conditions and Cancellations

The proposed amendment deals with two matters:

• It proposes that vesting conditions should be restricted to service conditions and performance conditions. Vesting conditions are the conditions that an individual or an organisation must satisfy to receive an entity’s shares under a share-based payment arrangement.
• The amendment also proposes that all cancellations, whether by the entity or by other parties, should receive the same accounting treatment.

The comment period ended on the 2 June 2006.