The Commission is reviewing the input methodologies (IMs), which it is required to do within 7 years of setting them. We published our draft decisions papers on the IM review on 16 June 2016. This included a topic paper on the related party transaction provisions (Topic 7).
Areas of focus in that topic paper include:
- the valuation of related party transactions
- the visibility of related party transactions under the current rules
- the compliance costs and any unwarranted complexity of the related party transactions provision
- the ability to gain excessive profit under the current related party transaction rules.
We have made a decision to separate our review of the related party transaction issues from the final decisions on the IM review. The separate indicative timeline for this review is set out below.
|Completed||IM review draft decisions papers: Topic 7 – Related party transactions||16/06/2016|
|Consultation||Related party transactions: Invitation to contribute to problem definition (invitation paper)||12/04/2017|
|Consultation||Submissions on invitation paper due||10/05/2017|
|Draft||Draft decision on IM review of related party transactions provisions due||03/07/2017 - 31/08/2017|
|Consultation||Submissions on related party transactions draft decision due||01/09/2017 - 29/09/2017|
|Final||Final decision on related party transactions IM and ID provisions due||01/11/2017 - 22/12/2017|
These dates are not official and may change. Please see the Terms and Conditions for further limitations.