EFRAG identifies two further business models

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In May 2013, the European Financial Reporting Advisory Group (EFRAG) launched a public consultation on long-term investing activities business models. EFRAG’s reason for the consultation were the European Green Paper on possible ways for supporting long-term investment and the limited amendments to IFRS 9 the IASB had proposed in November 2012, which would see the introduction of a new separate business model of “held to collect and sell”. EFRAG has now communicated the input received from constituents in the consultation and corresponding recommendations to the IASB.

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