IFRS 20 Regulatory Assets and Regulatory Liabilities

IFRS 20 is a new IFRS Accounting Standard aimed at improving financial reporting for entities subject to a specific type of rate regulation.

In January 2021 the International Accounting Standards Board (IASB) published the Exposure Draft ED/2021/1 Regulatory Assets and Regulatory Liabilities (ED). The UKEB responded to this ED, see the Final Comment Letter - Regulatory Assets and Regulatory Liabilities below which was published on 4 August 2021.

Refer to this project webpage for details of the UKEB’s influencing project on the ED.

Planned Outreach

Planned outreach has been reflected in the project initiation plan below.

1. The UKEB outreach plan includes publishing questionnaires aimed at users and preparers in the Autumn of 2026. To support stakeholders with completing the questionnaires and help them gain an understanding of IFRS 20, we have recorded a webcast which can be accessed below.
2. If you would like to contribute to outreach work on this project, please email [email protected].

Educational Webcast on IFRS 20

We have published a series of webcasts explaining the main requirements of IFRS 20.

• IFRS 20 Regulatory Assets and Regulatory Liabilities Webcast - Full version

• Part 1: Introduction and scope
• Part 2: Differences in timing, recognition and measurement
• Part 3: Presentation and expected impact on UK entities in scope
• Part 4: Disclosure and concluding remarks

Rate Regulated Activities Technical Advisory Group

Access more information about the Rate Regulated Activities Technical Advisory Group.