Due Process Compliance Statement - Subsidiaries without Public Accountability - Disclosures

| Step | Required / Optional | Metrics or evidence | UKEB secretariat comments
P R O C E S S S T A T E M E N T : E D S U B S I D I A R I E S W I T H O U T P U B L I C A C C O U N T A B I L I T Y : D I S C L O S U R E S IASB's due process document Exposure Draft ED Subsidiaries without Public Accountability: Disclosures Published: 26/07/2021 Comment deadline: 31/01/2022 Note: The Board decided to allow additional time, so that the consultation period on the draft comment letter (DCL) closed on 31 January 2022. The Board asked the UKEB Secretariat to communicate the late submission of its final comment letter to the IASB, by approximately three weeks, as well as highlighting the Board's draft position as published in the DCL.

| Step | Required / Optional | Metrics or evidence | UKEB secretariat comments | | IASB's due process document Exposure Draft ED Subsidiaries without Public Accountability: Disclosures | | Published: 26/07/2021 Comment deadline: 31/01/2022 | | Technical project added to UKEB technical work plan and discussed | Required | Project is included in the published technical UKEB Work Plan. | Yes | | Technical project added to UKEB technical work plan and discussed | Required | Project is included in the published technical UKEB Work Plan. | | Project preparation and Project Initiation Plan (PIP) | Required | PIP created which includes: - Approach to influencing; - Proposed types of fieldwork; - Involvement of IASB staff; - Key milestones and timing; - Initial analysis based on desk based or other research. | Yes | | Technical project added to UKEB technical work plan and discussed | Required | Project is included in the published technical UKEB Work Plan. | Yes | | Technical project added to UKEB technical work plan and discussed | Required | Project is included in the published technical UKEB Work Plan. | | Project preparation and Project Initiation Plan (PIP) | Required | PIP created which includes: - Approach to influencing; - Proposed types of fieldwork; - Involvement of IASB staff; - Key milestones and timing; - Initial analysis based on desk based or other research. | | UKEB Education or initial assessment | Optional | --- | Yes | Yes, an education session at the 27/10/21 private Board meeting. | | Technical project added to UKEB technical work plan and discussed | Required | Project is included in the published technical UKEB Work Plan. | Yes | | Technical project added to UKEB technical work plan and discussed | Required | Project is included in the published technical UKEB Work Plan. | UKEB Education or initial Yes, an education session at the assessment 27/10/21 private Board meeting.

| Step | Required / Optional | Metrics or evidence | | Technical project added to UKEB technical work plan and discussed | Required | Project is included in the published technical UKEB Work Plan. | Yes | | Technical project added to UKEB technical work plan and discussed | Required | Project is included in the published technical UKEB Work Plan. | | Technical project added to UKEB technical work plan and discussed | Required | Project is included in the published technical UKEB Work Plan. |

| Step | Required / Optional | Metrics or evidence | | Technical project added to UKEB technical work plan and discussed | Required | Project is included in the published technical UKEB Work Plan. | Yes | | Technical project added to UKEB technical work plan and discussed | Optional | --- | | Technical project added to UKEB technical work plan and discussed | Optional | --- | | Technical project added to UKEB technical work plan and discussed | Optional | Yes | | Technical project added to UKEB technical work plan and discussed | Optional | Project is included in the published technical UKEB Work Plan. | | Technical project added to UKEB technical work plan and discussed | Optional | Yes | | Technical project added to UKEB technical work plan and discussed | Optional | Yes | | Technical project added to UKEB technical work plan and discussed | Optional | Project is included in the published technical UKEB Work Plan. | | Technical project added to UKEB technical work plan and discussed | Optional | Yes | | Technical project added to UKEB technical work plan and discussed | Optional | Yes | | Technical project added to UKEB technical work plan and discussed | Optional | Yes | | Technical project added to UKEB technical work plan and discussed | Optional | Yes | | Technical project added to UKEB technical work plan and discussed | Optional | Yes | | Technical project added to UKEB technical work plan and discussed | Optional | Yes | | Project preparation and Project Initiation Plan (PIP) | Required | PIP created which includes: - Approach to influencing; - Proposed types types of fieldwork; - Involvement of IASB staff; - Key milestones and timing; - Initial analysis based on desk based or other research. | Yes | | Technical project added to UKEB technical work plan and discussed | Optional | Yes | | Project preparation and Project Initiation Plan (PIP) | Required | PIP created which includes: - Approach to influencing; - Proposed types of fieldwork; - Involvement of IASB staff; - Key milestones and timing; - Initial analysis based on desk based or other research. | | Technical project added to UKEB technical work plan and discussed | Optional | Yes | | Technical Project Plan (PIP) | Required | PIP created which includes: - Approach to influencing; - Proposed types of fieldwork; - Involvement of IASB staff; - Key milestones and timing; - Initial analysis based on desk based or other research. | Yes | | Technical project added to UKEB technical work plan and discussed | Optional | Yes | | UKEB Board public meeting held to approve PIP | Required | UKEB Board public meeting held to approve PIP | Yes, approved 28/10/21 meeting | | Technical project added to UKEB technical work plan and discussed | Optional | Yes | | Project preparation and Project Initiation Plan (PIP) | Required | PIP created which includes: - Approach to influencing; - Proposed types of fieldwork; - Involvement of IASB staff; - Key milestones and timing; - Initial analysis based on desk based or other research. | | Project preparation and Project Initiation Plan (PIP) | Required | PIP created which includes: - Approach to influencing; - Proposed types of fieldwork; - Involvement of IASB staff; - Key milestones and timing; - Initial analysis based on desk based or other research. | | Technical project added to UKEB technical work plan and discussed | Optional | Yes