Artículo 7.2.9. IFRS 9 Paragraph 7.2.9

At the date of initial application an entity: (a) shall revoke its previous designation of a financial asset as measured at fair value through profit or loss if that financial asset does not meet the condition in paragraph 4.1.5 . (b) may revoke its previous designation of a financial asset as measured at fair value through profit or loss if that financial asset meets the condition in paragraph 4.1.5. Such a revocation shall be made on the basis of the facts and circumstances that exist at the date of initial application. That classification shall be applied retrospectively. [ Refer: Basis for Conclusions paragraph BC7.19 ]