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Regulatory reporting requirements for new appointees in 2021-22 – Guidelines and line definitions

Document Cited in Related
Vincent
Date16 December 2021
December 2021
Regulatory reporting requirements
for new appointees in 2021-22
Guidelines and line definitions
Regulatory reporting requirements for new appointees in 2021-22 – guidelines and line definitions
1
About this document
This document sets out the regulatory reporting requirements for new entrant water
companies in the 2021-22 reporting year (1 April 2021 to 31 March 2022).
These guidelines and our conclusions provide notice of, and reasons for, revisions to the
Regulatory Accounting Guidelines (RAGs) relating to new appointees. New appointees in
England and Wales must follow these guidelines in preparing their annual performance
reports (APRs) that they are required to publish about their regulated businesses. This is in
addition to the statutory accounts required by the Companies Act 2006. Unless revised by
Ofwat, these guidelines will apply in subsequent reporting years.
These guidelines are accompanied by reporting tables that are to be submitted and
published by new appointees alongside their annual performance reports each year.
The new appointments and variations (NAV) framework enables new entrant companies
(new appointees) to replace an existing company (incumbent) as the provider of water
and/or wastewater services in a specific geographical area in England and Wales.

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