Core Viewpoint - The International Accounting Standards Board (IASB) has initiated a consultation to propose targeted changes to IAS 28, aiming to clarify the eligibility of investments for measurement using the fair value option [1][4]. Group 1: Fair Value Option - The fair value option allows entities to irrevocably designate certain financial assets or liabilities at fair value through profit or loss upon initial recognition, primarily to eliminate or significantly reduce accounting mismatches [2]. - Stakeholder feedback has indicated inconsistent practices in applying the fair value option, prompting the IASB to address these discrepancies [2][3]. Group 2: Consultation Details - The IASB is proposing narrow amendments to support consistent use of the fair value option and provide clearer guidance to preparers ahead of the IFRS 18 implementation [4]. - The consultation period is shorter than usual, open until April 20, 2026, with plans to finalize changes by mid-2026 to allow jurisdictions time to incorporate amendments into national legislation [4].