The International Accounting Standards Board (IASB) has 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 Rate regulation project was originally added to the IASB technical agenda in December 2008 and published an exposure draft on 22 July 2009. Comments received on the exposure expressed divergent views. No consensus was ever reached and the project was therefore suspended in September 2010.
The IASB has reactivated this project as part of its response to the Agenda Consultation 2011. The RFI is an early steps the IASB is taking to reactivate the project. The RFI, along with other research, will be used in the development of a Discussion Paper. The goal of the Discussion Paper is "to identify what information about the consequences of rate regulation would be most useful for users of IFRS financial statements and whether the IASB should develop specific guidance for accounting for those consequences."