# ASC 980-20-05: Regulated Operations — Discontinuation of Rate-Regulated Accounting — 05 Overview and Background

Source: FASB Accounting Standards Codification, Basic View

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## ASC 980-20-05: 05 Overview and Background

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##### [980-20-05-1](https://asc.understandingaccounting.org/asc/980/20/#980-20-05-1)

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This Subtopic addresses the discontinuation of rate-regulated accounting when an entity no longer meets the criteria in paragraph [980-10-15-2](https://asc.understandingaccounting.org/asc/980/10/#980-10-15-2).

##### [980-20-05-2](https://asc.understandingaccounting.org/asc/980/20/#980-20-05-2)

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Deregulation of certain industries and changes in the method of regulating others have caused several entities to discontinue application of this Topic for some or all of their operations.