As many of you already know,  IAS 39 states as follow “An entity shall not reclassify any financial instrument into the fair value through profit or loss category after initial recognition. 50B A financial asset to which paragraph 50(c) applies (except a financial asset of the type described in paragraph 50D) may be reclassified out of the fair value through profit or loss category only in rare circumstances.”
EC COMMISSION REGULATION (EC) No 1004/2008 of 15 October 2008 stated that “the amendments to IAS 39 and IFRS 7 allow the reclassification of certain financial instruments out …