UKEB Work Plan 21st May 2026
OFFICIAL - PUBLIC
21 May 2026
Endorsement Projects
IASB Standard-Setting Projects
| Project | Issued | Effective Date | Last UKEB milestone | May 2026 | Jun 2026 | Jul 2026 | Sep 2026 | Oct 2026 | Nov 2026 |
|---|---|---|---|---|---|---|---|---|---|
| IFRS 19 Subsidiaries without Public Accountability: Disclosures | 09/05/24 | 01/01/27 | DECA consultation closed 26/02/26 | Board: DPCS (noting) |
IASB Maintenance Projects
| Project | Issued | Effective Date | Last UKEB milestone | May 2026 | Jun 2026 | Jul 2026 | Sep 2026 | Oct 2026 | Nov 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Translation to a Hyperinflationary Presentation Currency (IAS 21) | 13/11/25 | 01/01/27 | DECA published on 27 April 2026 | Board: ECA, Adoption Statement, FBS and draft DPCS | Board: DPCS (noting) | ||||
| Amendments to the Fair Value Option (IAS 28) | Expected mid 2026 | 01/01/27 | Board: DECA | Board: ECA, Adoption Statement, FBS and draft DPCS |
Influencing Projects
IASB Standard-Setting Projects
| Project | Issued | Last UKEB milestone | Status | May 2026 | Jun 2026 | Jul 2026 | Sep 2026 | Oct 2026 | Nov 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Risk Mitigation Accounting (Proposed amendments to IFRS 9 and IFRS 7) | 03/12/25 | DCL published 28/04/26 | IASB comment period ends 31/07/26 | Board: Update on feedback received | Board: Update | Board: Update on feedback received | Board: FCL, FBS and draft DPCS |
IASB Maintenance Projects
| Project | Issued | Last UKEB milestone | Status | May 2026 | Jun 2026 | Jul 2026 | Sep 2026 | Oct 2026 | Nov 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Amendments to the Fair Value Option (IAS 28) | 19/02/26 | FCL published 23/04/26 | IASB comment period ended 20/04/26 | Board: DPCS (noting) |
Monitoring of IASB/ISSB Projects
IASB Standard-Setting Projects
| Project | Issued (IFRS Status) | Next Milestone (IFRS Status) | Expected Date (IFRS Status) | Last Milestone (UKEB Status) |
|---|---|---|---|---|
| Amortised Cost Measurement (IFRS 9) | - | Exposure Draft | H2 2026 | - |
| Business Combinations—Disclosures, Goodwill and Impairment | ED 14/03/24 | Decide Project Direction | Q4 2026 | FCL: 07/2024 |
| Equity Method | ED 19/09/24 | Decide Project Direction | June 2026 | FCL: 12/2024 |
| Financial Instruments with Characteristics of Equity | ED 29/11/23 | Final amendments | 2027 | FCL: 04/2024 |
| Rate-regulated Activities | ED 28/01/21 | IFRS Standard | May 2026 | FCL: 07/2021 |
| Statement of Cash Flows and Related Matters | - | Exposure Draft | 2027 | 6th Research paper 06/2026 |
IASB Maintenance Projects
| Project | Issued (IFRS Status) | Next Milestone (IFRS Status) | Expected Date (IFRS Status) | Last Milestone (UKEB Status) |
|---|---|---|---|---|
| Provisions—Targeted Improvements | ED 12/11/24 | Decide Project Direction | June 2026 | FCL: 03/2025 |
IASB Research Projects
| Project | Issued (IFRS Status) | Next Milestone (IFRS Status) | Expected Date (IFRS Status) | Last Milestone (UKEB Status) |
|---|---|---|---|---|
| Intangible Assets | - | Decide Project Direction | H2 2026 | Research PIP 11/2025 |
| Post-implementation Review of IFRS 16 Leases | - | Project Summary and Feedback Statement | H2 2026 | FCL 10/2025 |
| Post-implementation Review of IFRS 9—Hedge Accounting | - | Request for Information | Q4 2026 | - |
IFRS Foundation Governance Projects
| Project | Issued (IFRS Status) | Next Milestone (IFRS Status) | Expected Date (IFRS Status) | Last Milestone (UKEB Status) |
|---|---|---|---|---|
| Due Process Handbook Review | Revised Handbook published 30/04/26 | - | - | FCL 28/03/25 |
Proactive Research Projects
| Project | Start date | Last milestone achieved | Target Completion | May 2026 | Jun 2026 | Jul 2026 | Sep 2026 | Oct 2026 | Nov 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Intangible Assets | 10/25 | PIP approved 20/11/25 | Q3 2026 | Board: Preliminary stakeholder feedback from Case Studies | Board: Additional stakeholder feedback received on the Case Studies | ||||
| Statement of Cash Flows and Related Matters | 12/24 | Q2 2026 | Board: Research paper | Board: Research paper |
UKEB Specific Projects
| Project | Adoption Date | Last milestone achieved | Completion Due Date | May 2026 | Jun 2026 | Jul 2026 | Sep 2026 | Oct 2026 | Nov 2026 |
|---|---|---|---|---|---|---|---|---|---|
| UKEB Post-implementation Review of IFRS 17 Insurance Contracts | 16/05/22 | PIP published 04/03/26 | 01/01/28 | Board: Draft RFI | Board: RFI | ||||
| UKEB Due Process Handbook | 08/12/22 | UKEB DPH published Dec 2022 | - | Board: [Draft] Revised DPH | Board: [Draft] Revised DPH |
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 |