Response 3 - KPMG

KPMG LLP
Audit
15 Canada Square
London E14 5GL
United Kingdom
Tel +44 (0) 20 7311 1000

Paul Lee
Chair
UK Endorsement Board
13th Floor
1 Harbour Exchange Square
London
E14 9GE

By email to: [email protected]

5 November 2026

Our ref JG/MB

Dear Mr Lee

Response to Invitation to Comment on the Draft Endorsement Criteria Assessment of Amendments to the Fair Value Option for Investments in Associates and Joint Ventures (Amendments to IAS 28)

KPMG in the UK (“we”) welcome the opportunity to respond to the UK Endorsement Board’s invitation to comment on its draft endorsement criteria assessment of Amendments to the Fair Value Option for Investments in Associates and Joint Ventures (Amendments to IAS 28) that were published by the International Accounting Standards Board in June 2026.

We believe in a single set of globally consistent financial reporting standards and so support the adoption of these amendments in the UK.

Yours sincerely

KPMG LLP

KPMG LLP, a UK limited liability partnership and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee.

Registered in England No OC301540
Registered office: 15 Canada Square, London, E14 5GL
For full details of our professional regulation please refer to ‘Regulatory information’ under ‘About’ at www.kpmg.com/uk