The IASB has published the new accounting standard IFRS 20 – Regulatory Assets and Regulatory Liabilities, which governs rate-regulated activities.

The OIC has closely followed this project, thanks in part to the direct involvement of the OIC staff: Tommaso Fabi, who holds the Chairmanship of the EFRAG RRA Working Group; Nadia De Santis, representing the OIC within the same group; and Silvia Persichetti, collaborating within the dedicated EFRAG project team.

The Italian Accounting Body will follow the EFRAG endorsement process.

For further details on the project, please refer to the website of the IASB.