BCZ21 The Board decided to remove the exclusion of a subsidiary from consolidation when there are severe long‑term restrictions that impair a subsidiary's ability to transfer funds to the parent. It did so because such circumstances may not preclude control. The Board decided that a parent, when assessing its ability to control a subsidiary, should consider restrictions on the transfer of funds from the subsidiary to the parent. In themselves, such restrictions do not preclude control.

BCZ22–BCZ28  [Deleted]