We intend to lay an SI in early 2021 that will delegate certain functions in the International Accounting Standards and European Public Limited-Liability Company (Amendment etc.) (EU Exit) Regulations 2019 (\u2018the 2019 Regulations\u2019), including powers to endorse and adopt International Accounting Standards, to the UK Accounting Standards Endorsement Board (UK EB). This includes International Accounting Standards (such as IFRS 17 \u2013 Insurance Contracts) that relate to insurance.<\/p>
<\/p>
Following the appointment of the Chair, we are now preparing to recruit Board Members. We intend that membership of the Board will include preparers of accounts, investors and other users of accounts, academics and members of accounting firms. This will ensure that the UK EB brings a broad range of experience, backgrounds and expertise to the consideration of International Accounting Standards.<\/p>
<\/p>
The UK EB will undertake its activities in a transparent manner, and it will be required both to consult before adopting an international standard and to publish the reasons for its decision to adopt an International Accounting Standard in whole or in part. The statutory criteria for adoption are set out in the 2019 Regulations. The UK EB will obtain independent advice when necessary and all Board Members will be required to abide by a conflicts of interests policy.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4336", "label" : {"_value" : "Biography information for Lord Callanan"} } , "answeringMemberPrinted" : {"_value" : "Lord Callanan"} , "dateOfAnswer" : {"_value" : "2020-11-12", "_datatype" : "dateTime"} , "groupedQuestionUIN" : {"_value" : "HL9757"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2020-11-12T12:48:42.007Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "201"} , "answeringDeptShortName" : {"_value" : "Business, Energy and Industrial Strategy"} , "answeringDeptSortName" : {"_value" : "Business, Energy and Industrial Strategy"} , "date" : {"_value" : "2020-10-29", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "UK Endorsement Board"} , "houseId" : {"_value" : "2"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"} } ], "questionText" : "To ask Her Majesty's Government whether the UK Endorsement Board will be provided with publicly available legal advice to deliver the required endorsement criteria for the adoption of International Accounting Standards; and what processes they have in place to ensure that this advice will be free from conflicts of interest.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4562", "label" : {"_value" : "Biography information for Baroness Bowles of Berkhamsted"} } , "tablingMemberPrinted" : [{"_value" : "Baroness Bowles of Berkhamsted"} ], "uin" : "HL9758"} , {"_about" : "http://data.parliament.uk/resources/947068", "AnsweringBody" : [{"_value" : "Ministry of Justice"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/947068/answer", "answerText" : {"_value" : "
Coroners are independent judicial office holders and as such it would be inappropriate for Ministers to intervene in or comment upon the decisions of the Birmingham and Solihull Senior Coroner.<\/p>
The exhibition at the National Exhibition Centre has been licenced by the Human Tissue Authority in line with the provisions of the Human Tissue Act 2004. Responsibility for hosting the exhibition and maintaining ethical standards lies with the National Exhibition Centre.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4538", "label" : {"_value" : "Biography information for Lord Keen of Elie"}
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, "answeringMemberPrinted" : {"_value" : "Lord Keen of Elie"}
, "dateOfAnswer" : {"_value" : "2018-08-03", "_datatype" : "dateTime"}
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, "answeringDeptShortName" : {"_value" : "Justice"}
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, "date" : {"_value" : "2018-07-23", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "National Exhibition Centre"}
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, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
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], "questionText" : "To ask Her Majesty's Government what contact they have had, if any, with the Birmingham Coroner to establish what is known about the origins of the 20 skinless human bodies being exhibited at the National Exhibition Centre; and whether inquests will be opened to establish the facts involved in their deaths.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/738", "label" : {"_value" : "Biography information for Lord Alton of Liverpool"}
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