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Rate-regulated activities — Comprehensive project


Rate regulation is the setting by regulatory bodies or governments of prices that can be charged to customers for services or products through regulations, often where an entity has a monopoly or dominant market position that gives it significant market power.

The issue to be addressed by this project is whether IFRSs should require entities operating in rate-regulated environments to recognise assets and liabilities arising from the effects of rate regulation. Some national GAAP provides specific guidance on this matter, but there is no equivalent guidance in IFRSs.

The IASB reactivated this project as part of its response to the Agenda Consultation 2011.  In reactivating this project, the IASB indicated that it would consider an interim standard for entities adopting IFRS that would allow entities adopting IFRS to continue to use their local GAAP requirements for rate-regulated activities until the comprehensive project is completed. 

This page tracks the history of the IASB's comprehensive project on rate regulated activities.  Information about the project on the interim standard is available here.


Current status of the project

On 17 September 2014, the IASB published discussion paper DP/2014/2 Reporting the Financial Effects of Rate Regulation. A second discussion paper is expected in the first half of 2019.


Project milestones

Date Development Comments
December 2008 Added to the IASB's active agenda
23 July 2009 Exposure Draft ED/2009/8 Rate-regulated Activities published Comment deadline 20 November 2009
September 2010 IASB decided to defer the project
December 2012 Reactivated as an active project The IASB indicated an intention to consider an interim standard for entities adopting IFRS before completing a comprehensive project
28 March 2013 Request for Information Rate Regulation published Comment deadline 30 May 2013
29 April 2013 Consultative group established Details
17 September 2014 Discussion Paper DP/2014/2 Reporting the Financial Effects of Rate Regulation published Comments requested by 15 January 2015

Correction list for hyphenation

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