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BC14. In September 2019 the IASB issued Interest Rate Benchmark Reform which amended IFRS 9, IAS 39 and IFRS 7 Financial Instruments: Disclosures. In November 2019 the NZASB incorporated these amendments in NZ IFRS. These temporary exceptions addressed the potential impact of uncertainty about the long-term viability of some interest rate benchmarks on specific hedge accounting requirements. The NZASB considered that any PBEs subject to such uncertainty would also benefit from these temporary exceptions. The NZASB therefore issued NZASB ED 2019-5 PBE Interest Rate Benchmark Reform in November 2019 and finalised these amendments in February 2020.