EFRAG calls for information on rate-regulated regimes currently in force in Europe
11 Apr 2013
On 28 March 2013, the IASB issued a Request for Information (RFI) seeking comments from stakeholders to identify high-level overviews of rate-regulatory schemes that should be included as part of the scope in the development of a Discussion Paper. The European Financial Reporting Advisory Group (EFRAG) complemented this by issuing its own RFI regarding rate-regulated regimes currently in force in Europe.
EFRAG believes that in developing its discussion paper, the IASB should consider existing regimes in Europe so that a future standard on the topic fully considers them. Therefore, EFRAG is asking European constituents to share with EFRAG information about rate-regulated regimes currently in force in Europe and their experience with them. EFRAG is asking for this information by 30 May 2013. Should European constituents prefer to react directly to the IASB's RFI, EFRAG would appreciate to receive a copy of the submission so the European picture EFRAG is collating will be as complete as possible.
EFRAG will also supplement its submission with input obtained from EFRAG’s Rate-Regulated Activities Working Group, which is currently being set up. The call for applicants for this group was published on 19 March and is open until 30 April 2013.
Please click for EFRAG press release (link to EFRAG website).
