EFRAG FR TEG Strengthens Rate-Regulated Activities Working Group Ahead of New IFRS Standard
EFRAG FR TEG has officially approved and welcomed eight new members to its Rate-regulated Activities Working Group (EFRAG RRAWG), in anticipation of the forthcoming International Financial Reporting Standard (IFRS) on accounting for regulatory assets and regulatory liabilities, expected to be issued later in 2025.
The new members will bolster EFRAG’s pre-endorsement advice, influencing, and endorsement advice activities, including contributing to assessing the practicability of the new Standard.
Sébastien Harushimana, EFRAG FR TEG Chair, stated:
“The forthcoming IFRS Standard aims to enhance how rate-regulated entities report their performance and it is pivotal to effective capital allocation especially as entities seek to fund their green deal objectives. With the varied regulatory regimes across EEA jurisdictions, while assessing the new Standard, it is critical for EFRAG to have its finger on the pulse on the practical benefits and issues across different jurisdictions and the strengthened RRAWG will play a key part in that.”
The newly expanded working group is set to benefit from the diverse perspectives of its new members, who represent a wider range of sectors and jurisdictions impacted by rate regulation.
These additions join the existing members, namely: Tommaso Fabi (Technical Director at OIC-Organismo italiano di contabilità); Giorgio Alessio Acunzo (Partner at EY); Nicola Bruno (Head of Financial Reporting at Mundys S.p.A.); Jean-Louis Caulier (Partner at KPMG France); José Luis Daroca (Partner at Deloitte Spain); Claire Dusser (Partner at Forvis Mazars); Cosimo Guarini (Head of Financial Reporting, Administration, and Tax at Terna SpA); Gunther Falkenhahn (Head of Accounting Principles at E.ON); Markus Lotz (Deputy Head Of Accounting, Tax at 50Hertz Transmission GmbH); Isabelle Nuss ( IFRS Expert at Engie); Javier Pastor Zuazaga (Director of Accounting Standards at Iberdrola); Thomas Possert (Head of Group Accounting at Energie Steiermark AG); Fabien Rock (Deputy Director of Group Accounting Standards at SNCF); Aissata Touré ( Partner at Pwc Germany); Stefanie Voelz (Vice President - Senior Credit Officer at Moody's).
EFRAG remains focused on ensuring that sectors under rate regulation are adequately represented, paving the way for a robust and transparent assessment process, and ultimately, a timely adoption of the new Standard across Europe.