UKEB Work Plan 25th June 2026
Date: 25 June 2026
Endorsement Projects
IASB Standard-Setting Projects
| Project | Issued | Effective Date | Last UKEB milestone | June 2026 | Jul 2026 | Sep 2026 | Oct 2026 | Nov 2026 | Dec 2026 |
|---|---|---|---|---|---|---|---|---|---|
| IFRS 20 Regulatory Assets and Regulatory Liabilities | 27/05/26 | 01/01/29 | – | Board: Project Initiation Plan |
IASB Maintenance Projects
| Project | Issued | Effective Date | Last UKEB milestone | June 2026 | Jul 2026 | Sep 2026 | Oct 2026 | Nov 2026 | Dec 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) |
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| Amendments to the Fair Value Option (IAS 28) | Expected June 2026 | 01/01/27 | Board: DECA |
Board: ECA, Adoption Statement, FBS and draft DPCS |
Board: DPCS (noting) |
Influencing Projects
IASB Standard-Setting Projects
| Project | Issued | Last UKEB milestone | Status | June 2026 | July 2026 | Sept 2026 | Oct 2026 | Nov 2026 | Dec 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Risk Mitigation Accounting (Proposed amendments to IFRS 9 and IFRS 7) | 03/12/25 | DCL published 28/04/26 | IASB comment period ends 30/11/26 | Technical discussion | Board: Update on feedback received |
Board: FCL, FBS and draft DPCS |
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 | H2 2026 | FCL: 07/2024 |
| Equity Method | ED 19/09/24 | Final Amendments | H1 2027 | 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 | Published 27 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) |
|---|---|---|---|---|
| Presentation of Taxes or Other Charges that Are Not Tax Expense or Tax Income Applying IAS 12 Income Taxes (IFRS 18) | – | Decide Project Direction | June 2026 | – |
| 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 | Q3 2026 | – |
Proactive Research Projects
| Project | Start date | Last milestone achieved | Target Completion | June 2026 | July 2026 | Sep 2026 | Oct 2026 | Nov 2026 | Dec 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Intangible Assets | 10/25 | PIP approved 20/11/25 | Q3 2026 | Board: Additional stakeholder feedback received on the Case Studies |
Board: Project Initiation Plan (Research) |
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| Statement of Cash Flows and Related Matters | 12/24 | – | Q2 2026 | Board: Research paper |
UKEB Specific Projects
| Project | Adoption Date | Last milestone achieved | Completion Due Date | June 2026 | Jul 2026 | Sep 2026 | Oct 2026 | Nov 2026 | Dec 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 |
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| UKEB Due Process Handbook | 08/12/22 | UKEB DPH published Dec 2022 | – | Board: Approach to DPH |
Board: [Draft] revised DPH |
Board: [Draft] revised DPH Consultation |
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 |