ASU 2025-09 — Derivatives and Hedging (Topic 815): Hedge Accounting Improvements

The amendments in this Update clarify certain aspects of the guidance on hedge accounting and address several incremental hedge accounting issues arising from global reference rate reform.

This Accounting Standards Update is the final version of Proposed Accounting Standards Update 2024-ED200—Derivatives and Hedging (Topic 815): Hedge Accounting Improvements, which has been deleted.

For more information, see the following:

Accounting Standards Update 2025-09—Derivatives and Hedging (Topic 815): Hedge Accounting Improvements (PDF)

Issued: November 25, 2025