The committee approved previous minutes and reviewed key ongoing actions. A working group has been formed to develop a career pathway, with support from the Finance Committee and Next Gen Group. Updates were shared on members’ agents’ data requests, the LMA charging structure review, and the investment platform. Lloyd’s provided a positive update on Q1 flash reporting, noting a few late or incorrect submissions, and shared insights from the Solvency UK pilot, highlighting data and resource challenges. Concerns were raised regarding audit fees, which remain high despite simplification efforts, prompting planned engagement with audit firms. LIMOSS presented the benefits of a three-year FCP contract extension with Vitesse, including enhanced reconciliation and market-funded initiatives. The Next Gen group provided an update on their initiatives, calling for greater engagement and support on talent pathways and acquisition costs. Updates were also shared from LMA’s CALM, Tax, and Treasury Investment Groups, including developments in transfer pricing, capital submissions, and asset infrastructure. Several action points were agreed, particularly around kickstarting key workstreams and addressing transparency on audit fees.