Deadline reminder – rate-regulated activities
14 Nov 2009
We remind you that comments are due on 20 November 2009 on Exposure Draft (ED): Rate-regulated Activities.
The ED was issued on 23 July 2009. The objective of the proposals in the ED is to establish whether and how assets and liabilities resulting from rate-regulated activities should be recognised and measured under International Financial Reporting Standards (IFRSs). If adopted, the proposed IFRS would:
- define regulatory assets and regulatory liabilities.
- set out criteria for their recognition.
- specify how they should be measured.
- require disclosures about their financial effects.