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Deloitte comment letter on IASB Request for Information 'Rate Regulation'

Published on: 31 May 2013

Deloitte Touche Tohmatsu Limited has responded to the International Accounting Standards Board’s (IASB) Request for Information – Rate Regulation.

We welcome the IASB’s initiative to collect information on the different forms of rate regulation as standard-setting activity on rate regulation needs to be underpinned by a comprehensive understanding of how rate regulation operates in a wide variety of jurisdictions and industries. We are happy to provide further input throughout the project, including via the IASB’s consultative group on rate-regulated activities.

We highlight that the forms of rate regulation and the mechanisms for rate setting vary greatly depending on the industry and jurisdiction. Our response to this request for information focuses on some of the generic forms of rate regulation that are applicable across a wide variety of industries and jurisdictions. This includes price or revenue caps which are periodically agreed by the regulator based on forecast operating and capital expenditure or on the determination by the entity of the rates it wishes to charge consumers which are then subject to negotiation and approval by the regulator.

Download the complete comment letter below.  The appendix is available here.

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