UKEB publishes draft comments on Rate-Regulated Activities and IASB Third Agenda Consultation

Released 15 July 2021

The UK Endorsement Board (UKEB) has published its Draft Comment Letters in response to the International Accounting Standard Board’s (IASB) Third Agenda Consultation Request for Information and the Regulatory Assets and Regulatory Liabilities Exposure Draft.

The Draft Comment Letter in response to the IASB’s Third Agenda Consultation Request for Information, on which comments are requested by 31 August 2021, makes various recommendations, including that the IASB:

retains sufficient flexibility in its work plan to address the interaction between IFRS and any future international sustainability standards to be developed by the International Sustainability Standards Board;

allocates more resource to digital financial reporting; and

includes in its work on Standards development a structured and cohesive research programme to anticipate emerging issues.

The Draft Comment Letter on the Regulatory Assets and Regulatory Liabilities Exposure Draft is broadly supportive of the IASB’s proposals and is open for comment until 26 July 2021.

The UKEB has also published its feedback statement on the Post-implementation Review of IFRS 10 Consolidated Financial Statements, IFRS 11 Joint Arrangements and IFRS 12 Disclosure of Interests in Other Entities.

Further information can be found at

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