IASB publishes new standard on rate regulated activities (IFRS 20)

IFRS 14 was an interim short-term solution that was never endorsed in the European Union, as the European Commission halted the endorsement process. 

IFRS 20 introduces a new accounting model for companies whose activities and rates are subject to regulation. It aims to reduce diversity in accounting practice and improve comparability between companies in these sectors. 

It will come into effect for financial periods commencing on or after 1 January 2029; early application is permitted. EFRAG recommended delaying the effective date until 1 January 2030 but the IASB decided against this.