Rate regulator

From ACT Wiki
Revision as of 14:23, 17 January 2015 by imported>Doug Williamson (NEW ENTRY - Created in response to IFRS 14 to define terminology. Source: http://www.iasplus.com/en/st)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigationJump to search

An authorised body empowered by statute or regulation to establish the rate or range of rates that bind an entity.

The rate regulator may be a third-party body or a related party of the entity, including the entity's own governing board, if that body is required by statute or regulation to set rates both in the interest of customers and to ensure the overall financial viability of the entity.


See also