Statement published 20 March 2019, further statement published 12 July 2019
Each year BT prepares a set of Regulatory Financial Statements (RFS), which include published statements and information that is submitted to Ofcom privately. Ofcom has completed a review of BT’s obligations for its RFS covering all regulated markets.
Our decisions are set out in two statements:
- July 2019 statement: On 28 June 2019, Ofcom published its decisions in its review of physical infrastructure and business connectivity services. This document set out detailed regulatory financial reporting requirements for these markets for 2019/20 and following.
- March 2019 statement: This statement sets out detailed regulatory financial reporting requirements for the wholesale local access, narrowband and wholesale broadband access markets for 2018/19 and following.
What we have decided – in brief (July 2019 statement)
- Regulatory accounting principles; transparency; audit of the RFS; Reconciliation Report; adjusted financial performance: we have decided to apply the obligations in the wholesale local access, narrowband and wholesale broadband access markets to the physical infrastructure and business connectivity markets.
- Consistency with regulatory decisions: we have decided to update the requirements to reflect regulatory and commercial changes that impact regulatory financial reporting in the physical infrastructure and business connectivity markets.
- Preparation, delivery, publication, form and content of the RFS: we have decided to introduce detailed reporting requirements for the physical infrastructure and business connectivity markets. This reporting reflects the regulatory remedies imposed in the respective markets.
- Network components: we have updated the list of network components so they remain relevant and up-to-date following changes in the physical infrastructure and business connectivity markets.