Response 5 - KPMG

KPMG LLP Audit 15 Canada Square London E14 5GL United Kingdom

Pauline Wallace Chair UK Endorsement Board 8th Floor 125 London Wall London EC2Y 5AS

Your ref: Our ref: JG/MB

By email to: [email protected]

8 January 2025

Dear Ms Wallace

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 the Amendments to IFRS 9 and IFRS 7 (Amendments to the Classification and Measurement of Financial Instruments) that were published by the International Accounting Standards Board in May 2024.

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