Rate-regulated activities (Paused)
Project milestones
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This project is paused until the IASB concludes its ongoing deliberations about its future work plan (visit the Agenda consultation project page for more information).
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
8 September 2010 This project was discussed by the Board at their September 2010 meeting. For more information and observer notes as they become available, please click here
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
16 September 2010 At its September 2010 meeting, the Board continued its discussions on rate-regulated activities. The Board received papers that focused on a number of different topics. However, the Board decided that the technical issues could not be resolved quickly. Accordingly the Board decided that the next step should be to consider whether to include rate regulated activities in its future agenda.
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
There are no further discussions planned for this project. The Board will consult on its agenda in 2011. The outcome of that consultation will help the Board to determine if and how to continue that project. |
Page last updated: 17 February 2011