EFRAG Expands Working Group to Strengthen Input on IFRS Rate-Regulated Activities Standard

The European Financial Reporting Advisory Group (EFRAG) has announced the expansion of its Rate-Regulated Activities Working Group (RRAWG) to further strengthen its role in providing pre-endorsement and endorsement advice on the forthcoming IFRS Standard for rate-regulated entities. The new members will support EFRAG’s efforts to assess the practicability and implications of the Standard across diverse regulatory landscapes within the European Economic Area (EEA).

The Standard, currently under development by the International Accounting Standards Board (IASB), aims to improve transparency and consistency in how rate-regulated entities report financial performance — a critical factor in efficient capital allocation, especially as companies align operations with the EU’s Green Deal objectives.

Sébastien Harushimana, Chair of the EFRAG Financial Reporting Technical Expert Group (FR TEG), 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. Given the varied regulatory regimes across EEA jurisdictions, it is critical for EFRAG to have its finger on the pulse of the practical benefits and challenges. The strengthened RRAWG will play a key part in that.”

The newly appointed members bring diverse sectoral and geographic expertise, broadening the scope of perspectives feeding into EFRAG’s assessment of the Standard’s real-world impact. They join a respected panel of existing members drawn from top accounting firms, corporates, and financial institutions, including:

EFRAG’s expanded working group will play a central role in evaluating the practical application of the Standard, ensuring that jurisdictional differences are addressed and that the final endorsement advice supports harmonised, high-quality financial reporting across Europe.

As the IFRS Standard moves closer to finalisation, EFRAG’s reinforced expertise positions it to guide European adoption efforts, ensuring the needs of rate-regulated industries are clearly represented and understood.

At Ez-XBRL, we continue to closely monitor regulatory developments to help our clients remain proactive and prepared. Our financial reporting solutions are built to streamline compliance and reduce reporting complexity.

To find out more details please visit :https://www.efrag.org/