On 23 July 2009 the International Accounting Standards Board (IASB) published for public comment an Exposure Draft on rate-regulated activities. The objective of the proposals is to establish how assets and liabilities resulting from rate-regulated activities should be recognised and measured under International Financial Reporting Standards (IFRSs). A total of 155 comment letters were received as of 20 Novemer, 2009, as summarized below.