Hello, can someone please explain this statement?

"Cash and cash equivalents and other financial assets that were previously classified as loans

and receivables under PAS 39 will continue to be measured at amortized cost. These

financial assets are held within a business model whose objective is to collect contractual

cash flows representing solely payments of principal and interest."

Also, what are examples of cash and cash equivalents and other financial assets that were previously classified as loans

and receivables? And the business model is referring to FAAC, right?