Taking too long? Close loading screen.
Generating
National Instrument 52-107 Acceptable Accounting Principles and Auditing Standards
Part 5 Exemptions
Section 5.4

Rate-Regulated Activities

(1) Despite subsections 3.1(2) and 4.1(2),

(a) Part 3 may be applied by a qualifying entity to all financial statements, financial information, operating statements and pro forma financial statements as if the expression “January 1, 2011” in subsection 3.1(2) were read as “January 1, 2012”, and

(b) if the qualifying entity relies on paragraph (a) in respect of a period, Part 4 must be applied as if the expression “January 1, 2011” in subsection 4.1(2) were read as “January 1, 2012”.

(2) For the purposes of subsection (1), a “qualifying entity” means a person or company that

(a) has activities subject to rate regulation, as defined in Part V of the Handbook, and

(b) is permitted under Canadian GAAP to apply Part V of the Handbook.