Minutes of UKEB Private Meeting 28 June 2024

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Publication date
23 July 2024
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PRESENT:

Name Designation
Pauline Wallace Chair
Amir Amel-Zadeh Member
Mike Ashley Member
Phil Aspin Member (until 15:30)
Tony Clifford Member
Katherine Coates Member
Owen Glaysher Member
Edward Knapp Member
Paul Lee Member
Giles Mullins Member
Liz Murrall Member
Michael Wells Member
Mark Chandler Observer from HM Revenue and Customs (HMRC) (item 1)
Andrew Murray Observer from the Bank of England (BoE) (item 1)
Richard Moriarty FRC CEO and UKEB Accounting Officer (item 2)
Alexander Owen Observer from the Financial Reporting Council (FRC/CRR) (item 1)
Lee Pillar Observer from the Financial Conduct Authority (FCA) (item 1)

1. Education Session - Amendments to the Classification and Measurement of Financial Instruments

  1. The Board received an education session on Amendments to the Classification and Measurement of Financial Instruments.

2. FRC CEO and UKEB Accounting Officer

  1. The Board welcomed Richard Moriarty to the meeting.
  2. The Board thanked Mr Moriarty for his time. The Board looked forward to continuing to build its relationship with him and the FRC Board.

3. Administrative Matters

Welcome and apologies for absence

  1. The Board noted apologies from Robin Cohen and Sandra Thompson.
  2. Phil Aspin left the meeting at 15:30 (after item 4).

Declaration of interests

  1. The Board noted the following declaration:
    1. Phil Aspin's employer is involved in rate-regulated activities.

Minutes of the last meeting

  1. The Board approved the minutes of the meeting held on 24 May 2024 for publication, subject to minor amendments.

Action Log

  1. The Board noted the Action Log.

UKEB Forward Agenda

  1. The Board noted the Forward Agenda.

Transparency Register

  1. The Board approved the Transparency Register for publication, subject to agreed amendments.

Gifts and Hospitality Register

  1. The Board approved the Gifts and Hospitality Register for publication.

4. Technical Director Updates

  1. The Board noted various updates from the Technical Director.

UKEB's Work Plan

  1. The Board approved the UKEB's Work Plan for publication on the website.

5. Operational Update

  1. The Board noted the update on UKEB Operational matters.

6. Other Board Member Updates

  1. There were no updates.

Part 1 of the meeting ended at 09:55 hrs and Part 2 of the meeting ended at 16:26 hrs.