Rate-regulated Activities
Project milestones
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Rate regulation is a restriction in the setting of prices that can be charged to customers for services or products. Generally, it is imposed by regulatory bodies or governments when an entity has a monopoly or a dominant market position that gives it excessive market power. Read more
The objective of the Rate-regulated Activities project is to determine whether IFRSs should be amended to require certain regulated entities to recognise assets or liabilities arising from the effects of price regulation and/ or to require specific disclosures that help financial statement users to understand the regulatory environment in which the entity operates.
Rate regulation is widespread and significantly affects the economic environment of rate-regulated entities. Deciding whether IFRSs should be amended to require the recognition of assets and liabilities that arise from rate regulation and if so, how to account for them, is therefore important. |
Project news
20 and 22 Jul 2010 At its July 2010 meeting, the Board continued its deliberation on the key issue of whether regulatory assets and liabilities exist and whether they should be recognised in accordance with the current Framework and whether they are consistent with other current IFRSs.
Mar – Jun 2010 Project team performs outreach meeting with preparers, investors, analysts, regulators, accounting firms and standard setters.
Click here to see all previous project news on this project. |
Last IASB meeting update
20, 22 Jul 2010 The Board continued its deliberation on whether to amend IFRSs to require the recognition of regulatory assets and liabilities and if so, how to measure those regulatory assets and liabilities. The Board directed the staff to continue its analysis on this project acknowledging the existing guidance and current practice that has developed in the 110+ countries that apply IFRSs.
Click here to view the full update and to access all previous IASB updates on this project.
Click here to listen to the IASB meeting audio playback. |
Next discussion by the IASB
The staff anticipates the Board will continue its deliberation of this project at a future meeting. |
Page last updated: 23 June 2010