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1.1 Relevant, reliable and timely regulatory financial information informs many of our decisions. We require this information in order to monitor and enforce various obligations that are placed on dominant providers in markets where they are found to have significant market power ("SMP").

1.2 In this consultation we propose various changes to enhance the presentation and improve the quality of BT's regulatory financial statements ("RFS") reflecting developments in the regulatory, technological and competitive environment, our ongoing analysis and use of the RFS, comments from users of the RFS and discussions with BT.

1.3 The main changes to BT's 2009/10 RFS reflect our recent market review decisions, in particular:

i) In the fixed narrowband retail services market review , we found that most of the UK retail markets are now effectively competitive and BT no longer has SMP in the provision of retail fixed narrowband analogue access and retail calls markets in either the residential or business sectors. As a consequence of this market review, BT will no longer be required to report the financial results of any retail market.

ii) In the fixed narrowband wholesale services market review , we found that BT retains SMP in the markets for analogue and ISDN2 exchange lines, call origination and call termination. However, we found that residential and business lines now belong to the same market, and therefore BT will now be required to report on residential and business lines together.

iii) In the fixed narrowband wholesale services market review, we also found that BT no longer has SMP in local-tandem conveyance and transit ("LTC/LTT") market. The review decided that certain SMP conditions applied to the LTC/LTT market would remain in force for a transitional period and therefore 2009/10 will be the last reporting year for which BT is required to prepare and publish regulatory financial statements for the LTC/LTT market. We will consult on the detailed implications of the revocation of this condition in our 2010/11 proposals for changes to BT's RFS.

iv) As a consequence of the Business Connectivity Market Review ("BCMR") , BT will now be required to report against new markets for some leased line markets.

In particular, such markets will now exclude the central and east London area ("CELA").

1.4 In addition, certain changes require formal consultation if they are to be implemented: they are mainly concerned with improving the presentation of the statements including for example more transparent and relevant disclosure of Alternative Interface Symmetric Broadband Origination ("AISBO") services.

1.5 Finally, we set out a range of other changes which enhance the statements. They do not require formal consultation but we believe it is helpful to inform users in advance of publication of the 2009/10 RFS. We would welcome any informal comments stakeholders have on these changes.

1.6 The current regulatory financial reporting regime is also applicable to KCOM. This consultation addresses relatively minor changes to KCOM's reporting requirements as a consequence of changes to market definitions in the business connectivity and wholesale broadband access markets.

1.7 The tables below summarise the objectives we address in this consultation and outline our proposals in each.

This consultation started on 12th February 2010 and ended on 26th March 2010.

Here are the documents we were able to locate that relate to this consultation: