CASE COMMENT: REGULATION - ACCOUNTING RULES - ESSENTIAL INFRASTRUCTURES - PUBLIC SUBSIDIES
Railway sector: The French National Competition Authority releases its opinion on separate accounting procedures for the activities relating to the management of railways infrastructure by the incumbent operator (SNCF)
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On 1 September 2014, the Competition Authority published Opinion No 14-A-09 of 11 July 2014 relating to the draft accounting separation of the infrastructure activity of the SNCF, which had been requested by the Autorité de régulation des activités ferroviaires (ARAF) pursuant to Article L. 2133-4 of the Transport Code, which requires ARAF to take the opinion of the Adlc before approving the rules for keeping separate accounts for the railway infrastructure management activities of the SNCF.
Visibly afraid of being used as a tool on the eve of the adoption of Act No. 2014-872 of 4 August 2014 The new law put an end to the current separation between Réseau
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