Artículo 5.7.1. IFRS 9 Paragraph 5.7.1

A gain or loss on a financial asset or financial liability that is measured at fair value shall be recognised in profit or loss unless: (a) it is part of a hedging relationship (see paragraphs 6.5.8⁠–⁠6.5.14 and, if applicable, paragraphs 89⁠–⁠94 of IAS 39 for the fair value hedge accounting for a portfolio hedge of interest rate risk); (b) it is an investment in an equity instrument and the entity has elected to present gains and losses on that investment in other comprehensive income in accordance with paragraph 5.7.5 ; [ Refer: paragraphs 4.1.4 and B5.7.1 and Basis for Conclusions paragraphs BC5.21⁠–⁠BC5.28 ] (c) it is a financial liability designated as at fair value through profit or loss and the entity is required to present the effects of changes in the liability’s credit risk in other comprehensive income in accordance with paragraph 5.7.7 [ Refer: paragraphs B5.7.5⁠–⁠B5.7.20 and Basis for Conclusions paragraphs BCZ5.29⁠–⁠BC5.64 ] ; or (d) it is a financial asset measured at fair value through other comprehensive income in accordance with paragraph 4.1.2A and the entity is required to recognise some changes in fair value in other comprehensive income in accordance with paragraph 5.7.10 [ Refer: paragraph B5.7.1A ] .