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Rate-regulated activities

IASB Meeting Summaries and Observer Notes

 IASB February 2010



The Board began its discussions on the responses received on its ED Rate-regulated Activities published in July 2009. At this meeting, the Board discussed the summary analysis of the comments received. The Board reviewed the background of the issue, a summary analysis of the respondent demographics and a summary of the primary technical issues. The Board discussed the logistical considerations impacting upon this project and reviewed the potential paths forward for this project including a project timetable prepared by the staff.

The Board did not make any tentative decisions on specific aspects of the project, except that the Board decided tentatively to finalise the transition relief for first-time adopters. The transition relief is expected to be included in the omnibus Improvements to IFRSs due to be issued in April 2010.

The Board directed the staff to continue its research and analysis on this project and to focus on the key issue of whether regulatory assets and regulatory liabilities exist in accordance with the current Framework for the Preparation and Presentation of Financial Statements and whether they are consistent with other current IFRSs.

The Board will continue its deliberation of this project at a future meeting.


Date: 2/17/2010