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Version date: 26 February 2020 - onwards

Terminology (para. BC8)

BC8 SIC‑29 used the terms 'Concession Provider' and 'Concession Operator' to describe, respectively, the grantor and operator of the service arrangement. Some commentators, and some members of the IFRIC, found these terms confusingly similar. The IFRIC decided to adopt the terms 'grantor' and 'operator', and amended SIC‑29 accordingly.