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Friday 29 August 2014

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Rate-regulated Activities


Due process steps

Stage 2: Request for Information

 

Step Required/
Optional
Metrics or
evidence
Evidence provided to DPOCActions
RfI issued to seek information on a specific matter.

Optional

RfI has been issued and posted on the IASB website.

The DPOC has been informed that the IASB plans to issue an RfI.

The DPOC has been given the opportunity to consider the comment period and any other factors that might be perceived as limiting the effectiveness of an RfI.

RfI was issued and posted on the IASB website on 28 March 2013 with a 60 day comment period, as set out in the Due Process Handbook, paragraph 4.17.

DPOC was updated on the RfI at the April meeting (Agenda paper 3A).

Public announcement of the release of the RfI.

Required

Press release and web announcement issued.

The DPOC has been informed when the RfI has been issued.

Press release and web announcement issued 28 March 2013.

RfI has appropriate comment period.

Required

The IASB sets the comment period.

If outside the normal comment period, an explanation from the IASB to the DPOC has been provided, and the decision has been approved.

The DPOC has received notice of any change in the comment period length and has provided approval if required.

IASB decided, at the February 2013 meeting, to issue the RFI and set the normal comment period of 60 days.

The IASB posts all comment letters that were received in relation to an RfI on the project pages.

Required if request issued

Letters have been posted on the project pages.

The IASB has reported on progress, including a summary of the statistics of respondents, as part of its quarterly report at Trustee meetings.

The IASB received 79 responses, which have been posted to the website and can be accessed via the project page.

The IASB determines if focused investor consultation is required to supplement the comment letters.

Required if request issued

Staff Paper.

The IASB has reported on progress, making specific reference to investor related activities, as part of its quarterly report at Trustee meetings.

To be completed

The IASB considers comment letters and any related investor focused outreach in a public meeting.

Required if request issued

Staff Papers have been discussed in public meetings.

The IASB has reported on progress as part of its quarterly report at Trustee meetings.

To be completed

Project teams analyse and summarise RfI comment letters for the IASB's consideration.

Summary of the comments is posted on the IASB website.

Required

Comment analysis has been presented to the IASB in a public meeting.

Letters received have been posted on the IASB website.

The IASB has considered the comments and has weighed them in an approach to the project.

The IASB has reported on progress as part of its quarterly report at Trustee meetings.

A staff summary of the RfI responses was presented to the IASB at their July 2013 meeting (Agenda paper 9).

The summary was also discussed by the Rate-regulated Activities Consultative Group at their first meeting, which was held on 26 July 2013.