Under IFRS, reclassification between measurement categories is only permitted for debt instruments. Equity instruments designated as FVPL cannot be reclassified to FVOCI. The IFRS 9 standard allows reclassification of debt instruments when there is a change in the business model for managing financial assets. However, equity instruments measured at FVPL cannot be subsequently reclassified to FVOCI, even if the business model changes.