IFRS 9 is an International Financial Reporting Standard (IFRS) of the the International Accounting Standards Board (IASB).
It lays out the standard for investment companies for financial instruments for:
- Classification and measurement of financial instruments
- Impairment of financial assets, which lays out how losses after an event are valued and requires disclosure of full lifetime losses more quickly
- Hedge accounting
All asset managers must use the same standard of accounting for financial instruments, allowing investors to appraise investment companies on the same basis