Regulatory Assets and Regulatory Liabilities

This page provides information on the UKEB project to monitor the IASB’s redeliberations of the responses to Exposure Draft ED/2021/1 Regulatory Assets and Regulatory Liabilities.

Background

The IASB published the Exposure Draft ED/2021/1 Regulatory Assets and Regulatory Liabilities in January 2021. The IASB’s comment deadline was 30 July 2021. The ED sets out the IASB’s proposals for a model to account for regulatory assets and regulatory liabilities.

The UKEB responded to this ED here.

The UKEB project page can be found here.

In December 2021, the IASB published its plan for redeliberations of the Exposure Draft.

Details of these discussions and further information on the project history can be found here.

Timeline 

At its December 2022 meeting, the IASB discussed its work plan and stated that the “issuance dates” for the standard for Rate-regulated Activities “will not be before 2024".

Rate Regulated Activities Economic Study

The UKEB is looking for a research partner to support the UKEB Secretariat in conducting an ex-ante economic impact assessment of IASB Exposure Draft 2021/1 Regulatory Assets and Regulatory Liabilities. The Invitation to Tender will close on 3 March 2023. Follow the link for further detail: (https://lnkd.in/gZrBYpty)

The objective of the (proposed) contract is to assist the staff of the UK Endorsement Board in its ex-ante impact analysis of IASB Exposure Draft (ED) 2021/1 Regulatory Assets and Regulatory Liabilities (as subsequently amended and updated through ongoing IASB board deliberations up to the start date of the study) by supporting the UKEB Secretariat with economic expertise in specified areas. This will serve as an input to the assessment of whether the use of this ED is likely to have an adverse impact on the economy of the UK, including on economic growth.

Rate Regulated Activities Advisory Group (RRA AG)

Click here to access more information about the RRA AG.

UKEB’s planned outreach

More detailed information on outreach activities will be published in due course. If you would like to contribute to outreach work on this project, please email UKEndorsementBoard@endorsement-board.uk.

For further updates on UKEB projects you can subscribe to our newsletters and alerts by emailing contact@endorsement-board.uk and putting SUBSCRIBE in the Subject.