9 Advisory Groups Update

28 November 2024 Agenda Paper 9

Executive Summary

Purpose of the paper

The purpose of this paper is to provide an update on meetings held by the following UKEB Advisory Groups and Working Groups, to accompany the verbal updates given by their Chairs:

• Academic Advisory Group (Chair: Michael Wells)
• Accounting Firms and Institutes Advisory Group (Chair: Tony Clifford)
• Investor Advisory Group (Chair: Paul Lee)
• Preparer Advisory Group (Chair: Giles Mullins)
• Rate-regulated Activities Technical Advisory Group (Chair: Phil Aspin)
• Financial Instruments Working Group (Chair: Peter Drummond)
• Sustainability Working Group (Chair: Seema Jamil-O'Neill)

Summary of the Issue

All the groups, set out above, are advisory, consultative groups. They are not decision-making bodies. The advisory groups provide specialist knowledge and information as input into the Board's technical decision-making, while the working groups solely advise the UKEB Secretariat.

The Advisory Groups webpage of the UKEB website sets out the purpose of each group, a list of each group's members and their biographies, and a link to its Terms of Reference. In addition, minutes for each AG meeting are uploaded as they become available.

The table below also sets out the meetings held by these groups during the last 12months and includes links to the meeting minutes, available at the time of writing.

Since the October 2024 Board meeting, the Preparer Advisory Group (PAG), the Investor Advisory Group (IAG) and the Accounting Firms and Institutes Advisory Group (AFIAG) have met. At the time of writing, the summary minutes of those meetings have not yet been published. The AG chairs will provide a verbal update at the Board meeting.

The Sustainability Working Group (SWG) and Financial Instruments Working Group (FIWG) also met during the last month.

Decisions for the Board

No decisions required

Recommendation

The Board is recommended to review the summary minutes of the groups' meetings.