(7)Following the consultation with the European Financial Reporting Advisory Group, the Commission concludes that the amendments to IAS 39 Financial Instruments: Recognition and Measurement, IFRS 4 Insurance Contracts , IFRS 7 Financial Instruments: Disclosures , IFRS 9 Financial Instruments and IFRS 16 Leases meet the criteria for adoption set out in Article 3(2) of Regulation (EC) No 1606/2002.