UKEB Work Plan 28th March 2025

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UKEB Work Plan—Endorsement Projects

IASB Standard-Setting Projects

Project	Issued	Effective Date	Last UKEB milestone	Mar 2025	Apr 2025¹	May 2025	Jun 2025	Jul 2025	Sep 2025
IFRS 18 Presentation and Disclosure in Financial Statements	09/04/24	01/01/27	PIP published 03/04/24	Board: Sections of DECA		Board: DECA: outstanding topics	Board: DECA (Approval)
IFRS 19 Subsidiaries without Public Accountability: Disclosures²	09/05/24	01/01/27				Board: PIP³

IASB Maintenance Projects

Project	Issued	Effective Date	Last UKEB milestone	Mar 2025	Apr 2025¹	May 2025	Jun 2025	Jul 2025	Sep 2025
Amendments to IFRS 9 and IFRS 7 (Amendments to the Classification and Measurement of Financial Instruments)	30/05/24	01/01/26	DECA consultation closed 10/01/25	Board: ECA, Adoption Statement, FBS and draft DPCS		Board: DPCS (noting)
Contracts Referencing Nature-dependent Electricity (Amendments to IFRS 9 and IFRS 7)	18/12/24	01/01/26	PIP published 13/12/24				Board: Summary of feedback received on the DECA	Board: ECA, Adoption Statement, FBS and draft DPCS	Board: DPCS (noting)

UKEB Work Plan—Influencing Projects

Project	Issued	Last UKEB milestone	Status	Mar 2025	Jun 2025	Sep 2025
IASB Standard-Setting Projects
IASB Maintenance Projects
Provisions—Targeted Improvements	ED published 12/11/24	FCL submitted to IASB 12/03/25	IASB comment period ended 12/03/25	Board: DPCS (noting)
IASB Research Projects
Statement of Cash Flows and Related Matters			IASB: Review research March 25	Board: Research Paper	Board: Research Summary	Board: Research Paper

IFRS Foundation Governance Projects

Project	Issued	Last UKEB milestone	Status	Mar 2025	Apr 2025	May 2025	Jun 2025	Jul 2025	Sep 2025
IFRS Foundation Due Process Handbook Review⁴	ED 19/12/24		IASB comment period ends 28/03/25	Board: FCL, FBS, draft DPCS		Board: DPCS (noting)

UKEB Work Plan—Monitoring of IASB/ISSB projects

Project	Issued	IFRS Status Next Milestone	Expected Date	UKEB Status Last Milestone
IASB Standard-Setting Projects
Business Combinations—Disclosures, Goodwill and Impairment	ED 14/03/24	Decide Project Direction	2026	FCL: 07/2024
Dynamic Risk Management	DP 17/04/14	ED	Q4 2025
Equity Method of Accounting	ED 19/09/24	ED feedback	May 2025	FCL: 12/2024
Financial Instruments with Characteristics of Equity	ED 29/11/23	Final amendments	2026	FCL: 04/2024
Rate-regulated Activities	ED 28/01/21	IFRS Standard	H2 2025	FCL: 07/2021
IASB Maintenance Projects
Climate-related and Other Uncertainties in the Financial Statements	ED 31/07/24	Decide Project Direction	May 2025	FCL 11/2024
Updating IFRS 19 Subsidiaries without Public Accountability: Disclosures	ED 30/07/24	Final amendments	Q3 2025	FCL 11/2024
IASB Research Projects
Amortised Cost Measurement (IFRS 9)	-	Decide Project Direction	H1 2026
Intangible Assets	-	Decide Project Direction	Q2 2025

Project	Issued	IFRS Status Next Milestone	Expected Date	UKEB Status Last Milestone
Post-implementation Review of IFRS 16 Leases	-	RFI	Q2 2025

UKEB Work Plan—Deferred projects

(As explained in the UKEB's Regulatory Strategy 2024/25)

Project	Issued	IFRS Status Next Milestone	Expected Date	UKEB Status Last Milestone	Notes
IASB Maintenance Projects
Translation to a Hyperinflationary Presentation Currency (IAS 21)	ED 25/07/24	ED Feedback	May 2025

Glossary

Term	Description
DECA	Draft Endorsement Criteria Assessment
DCL	Draft Comment Letter
DP	Discussion Paper
DPCS	Due Process Compliance Statement
ECA	Endorsement Criteria Assessment
ED	Exposure Draft
FBS	Feedback Statement
FCL	Final Comment Letter
IASB	International Accounting Standards Board
PIP	Project Initiation Plan
RFI	Request for Information
TAD	Tentative Agenda Decision

Dates are indicative only and subject to change. Any queries please contact us at [email protected]

Footnotes

No UKEB meeting will be held in April 2025 ↩↩
The UKEB plans to start the formal endorsement project in early 2025 to assess both IFRS 19 and the final amendments resulting from the catch-up ED as a package for adoption. The IASB expects to finalise the amendments to IFRS 19 in Q3 2025. ↩
Additional details on the project plan to be updated here once the Board approves the proposed plan in the PIP ↩
Timing of this project is subject to publication of due process documents by the IASB according to the expected timetables ↩

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