Summary of UKEB Private Session 18 March 2022

PRESENT:

I. Administrative Matters

Welcome and apologies for absence

1.1There were no apologies received.

Declaration of interests

1.2No members declared conflicts of interest in relation to any of the matters discussed in the meeting.

Minutes of the last meeting

1.3The Board approved the minutes of the meeting held on 17 February 2022 for publication.

Action Log

1.4The Board noted the log of actions arising from previous meetings.

Transparency Register for Web Publication

1.5The Board approved the Transparency Register for publication, subject to additional declarations to be added.

Gifts & Hospitality Register

1.6A nil return was noted.

2. Education Session - UK SDR

2.1The Board received an Education Session on the Future UK Sustainability Reporting Framework and Sustainability Disclosures Requirements (SDR) Regime.

3. Horizon Scanning

Economic Outlook Dashboard

3.1The Board considered a paper setting out the Secretariat's proposed approach to horizon scanning.

Presentation on Cryptocurrency

3.2The Board received a deep dive into the economic outlook for cryptocurrency, including an explanation of how it operated and its relevance to the IASB and UKEB's future agenda.

4. Operational Update

4.1The Board received an update on UKEB operational matters.

5. Technical Updates

5.1The Board approved the UKEB's work plan for publication on the website. The Board received a number of other technical updates related to the work plan.

5.2The Board noted that the legal opinion on true and fair would be published on the website in time for the final adoption of the 2020 Narrow Scope Amendments.

6. Advisory Groups Update

6.1The Board received an update on the progress with setting up the Technical Advisory Groups.

7. Any other business

7.1No further business was discussed.

7.2The meeting ended at 5:20pm.