IASB extends consultation on reporting of regulatory assets and liabilities

Released 29 March 2021

The International Accounting Standards Board (IASB) has decided to extend by 30 days the comment period for the Exposure Draft Regulatory Assets and Regulatory Liabilities.

The comment period will now end on 30 July 2021.

The changes to existing rules are designed to give investors better information about the financial performance of companies.

Rate regulation, which is common in some industries, including the utilities and public transport industries, determines the amount a company can charge its customers for goods or services supplied to them and the period when the company can charge that amount.

Further information can be found at https://www.ifrs.org/news-and-events/2021/03/iasb-decides-to-extend-comment-period-rra/.

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