The committee reviewed updates to the DA Streamlined Compliance question set, with Lloyd’s incorporating member feedback to enhance clarity. The committee heard a detailed update on BP2 contingency planning, highlighting a shift towards more granular staging and resilience testing, with Alix Partners supporting the work. Discussions also addressed contingency measures for firms not ready at IPOS/ICOS go-live, and the need for a market-wide solution to unresolved USG vulnerabilities. The committee noted that several firms had flagged this as a critical gap in their self-assessments. The committee secretary confirmed the LMA’s intent to respond to the incident reporting consultation and invited members to join the working group. The committee also agreed to publish a shared 2025 priorities document. Finally, members expressed interest in forming an informal group to consider the implications of new Bermuda OpRes regulations, with consultation responses due by 19 March.