Minutes of UKEB Private Meeting 17 November 2022

PRESENT:

1. Administrative Matters

Welcome and apologies for absence

a) There were no apologies.

Declaration of interests

b) There were no conflicts of interest declared by members in relation to any of the matters discussed in the meeting.

Minutes of the last meeting

c) The Board approved the minutes of the meeting held on 20 October 2022 for publication, subject to a minor amendment.

Action Log

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

UKEB Forward Agenda

e) The Board considered the Forward Agenda.

Transparency Register for Web Publication

f) The Board approved the Transparency Register for publication, subject to the inclusion of an additional declaration.

Gifts & Hospitality Register

g) The Board approved the Gifts & Hospitality Register for publication.

2. IASB Board Member

a) The Board welcomed Nick Anderson, Board Member of the IASB (International Accounting Standards Board).

3. Financial Instruments with Characteristics of Equity - Education Session

a) The Board received an education session on Financial Instruments with Characteristics of Equity (FICE).

4. Operational Update

a) The Board received an update on UKEB operational matters.

Updated Terms of Reference

b) The Board considered and approved the proposed amendments to section 10.2 of the Terms of Reference (i.e. to include a clarification regarding the Due Process Handbook review process).

5. Technical Director's Updates

a) The Board approved the UKEB's work plan for publication on the website. The Board received a number of other updates from the Technical Director related to its work plan.

6. Any other business

a) There was no other business discussed.

The meeting ended at 17:50.