IAS 27 and IFRS 9

[stella]

Parent Company's Separate FS:

Is it allowable under IFRS the Company to reclassify its 100% subsidiary measured at cost , to FVTOCI category (with changes in FV to be reported in OCI-treatment under IFRS 9) and supports that this is a change in accounting policy?
As at 31.12.2021 subsidiary is not presented in SOFP as "Investment in Subsidiary" .Is now presented as "Financial Asset measured at FVTOCI" .
Is this acceptable?

[Marek Muc]

This won't be reclassification (as this is not allowed under IFRS), but a change in accounting policy, so it would be necessary to retrospectively reclassify all investments in subsidiaries at 31.12.2021 as well.

[stella]

Thank you!