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The Chair opened proceedings, noting apologies and no declarations of interest. The Board reviewed a profit rate methodology consultation under the Defence Reform Act 2014, discussing transfer-pricing based principles, baseline profit rates, capital servicing allowance, rolling averages, comparator inclusion, and inherent risks with mitigation. The Board approved the draft consultation document, feedback form, and questions, and set next steps for stakeholder presentation and a public consultation.",{"@graph":63,"@context":118},[64,80,101],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":51,"@type":70,"position":76},"https://docshare.wps.com/template/general/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/single-source-regulations-office-minutes-of-the-extraordinary-board-meeting-4-september-2015/245159/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/single-source-regulations-office-minutes-of-the-extraordinary-board-meeting-4-september-2015/245159.png","ImageObject",442,249,{"name":88,"@type":89},"Taylor Morgan","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-09-21","2026-09-12",true,{"@type":98,"interactionType":99,"userInteractionCount":73},"InteractionCounter",{"@type":100},"ViewAction",{"@type":102,"mainEntity":103},"FAQPage",[104,110,114],{"name":105,"@type":106,"acceptedAnswer":107},"What was the main topic discussed at the extraordinary SSRO Board meeting?","Question",{"text":108,"@type":109},"The Board focused on a profit rate methodology consultation, including how to determine baseline profit and capital servicing rates under the Defence Reform Act 2014.","Answer",{"name":111,"@type":106,"acceptedAnswer":112},"What methodology basis did the Board consider for determining profit rates?",{"text":113,"@type":109},"The proposed approach was based on principles for transfer pricing, using comparable work and potentially multiple baseline profit rates for different types of work.",{"name":115,"@type":106,"acceptedAnswer":116},"What decisions and next steps did the Board approve?",{"text":117,"@type":109},"The Board approved the draft consultation document, feedback form, and questions, delegated final approval authority to the Chair and Chief Executive, and scheduled stakeholder presentation and a public consultation starting 25 September 2015.","https://schema.org",{"og:url":78,"og:type":120,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":122,"canonical":78},"index,follow",{"doc_id":124,"site_id":56},245159,1790006029,{"code":4,"msg":5,"data":127},{"doc_id":124,"user_id":128,"nickname":88,"user_avatar":129,"doc_module":9,"category_id":50,"category_name":51,"doc_title":59,"doc_description":61,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":76,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":76,"language":135,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":136,"faqs":137,"seo_title":138,"seo_description":61,"update_tm":139,"read_time":9},1099523885336,"https://ap-avatar.wpscdn.com/davatar_276721f389ce27ea32af1340a28f341c","| Single Source Regulations Office\u003Cbr>Minutes of the extraordinary Board Meeting Board Room, Finlaison House,\u003Cbr>15-17 Furnival Street, London EC4A 1AB |  | Friday 4 September 2015\u003Cbr>10:00am to 12:00pm |\n| --- | --- | --- |\n| Board members present:\u003Cbr>Jeremy Newman (Chair) Jane Attwood\u003Cbr>Clive Tucker\u003Cbr>Marcine Waterman (Chief Executive) Philip Davies (Director of Regulation) Neil Swift (Director of Corporate Services) | Others present:\u003Cbr>Justine Wharton (minutes) Malcolm Botting\u003Cbr>Sion Jones Andy Mahon\u003Cbr>Anton Hume |  |\n\n1. Welcome, Apologies and Announcements  \n1.1. The Chair welcomed Board members and colleagues to the extraordinary SSRO Board meeting.  \n1.2. Marta Philips sent her apologies and , in advance of the meeting , had submitted written comments on the papers to the Chair for consideration.  \n1.3. There were no announcements or declarations of interest.  \nThere were no declarations of interest.  \n2. Profit methodology consultation  \n2.1. The Chief Executive introduced the profit rate methodology consultation. Section  \n19 of the Defence Reform Act 2014 (‘the Act’) stated that, for each financial year, the SSRO must provide the Secretary of State with its assessment of the appropriate baseline profit rate and capital servicing rates.  \n2.2. The Board resolved at its 8 December 2014 meeting that the SSRO should review the process for the calculation of an appropriate baseline profit rate from first principles and determine its own methodology. At the extraordinary Board meeting on 14 January 2015, the Board approved the questions the review should consider.  \n2.3. A workshop had been held on 31 July 2015, including members of the Board, SSRO officials and advisors. The workshop considered the review’s findings and presented a range of options for consideration. The consensus at the workshop was that the current methodology was not suitable because one baseline profit rate was not appropriate for the different types of work involved. Following the workshop, this methodology had been developed further and set out in the consultation document.  \n4 September 2015 Board minutes Page 1 of 3 Version: 1.0 Justine Wharton Issued: 24 September 2015  \n2.4. The Director of Regulation summarised the proposed methodology contained within the consultation document , which was based on the principles for ‘transfer pricing’. The proposed approach will be based on comparable work with several baseline profit rates proposed for different types of work. An overview was also given of the proposed set of principles on which companies would be included and excluded from the comparator set , and a summary was provided of thereview’s findings on international approaches.  \n2.5. The Board discussed the findings of the review and the proposed new  \nmethodology, including the issue of capital servicing allowance and use of simple rolling averages. The Board considered the risks inherent in this proposed new methodology and the required mitigation.  \n2.6. The Board was advised that the legal advice the SSRO had received to date stated that the Act did not preclude the Secretary of State from setting more than one rate, or the SSRO from making such a recommendation. This advice had been shared with the MOD.  \n2.7. The Board agreed that the proposed methodology was rigorous and better  \nreflected the different levels of risk in different types of work. The Board was content that the approach to deciding which companies would be included or excluded from the comparator set was transparent and would further increase objectivity compared to the current approach. The Board requested that a question on the feedback form was re-drafted for clarity and noted a matter of inaccuracy in the table in Appendix 3.  \n2.8. The Board approved the draft consultation document, feedback form and questions. The Board delegated to the Chair and Chief Executive authority to approve the final document for consultation.  \nThe Board:  \na) considered the findings of ","cbCaijqq1I3MowEH","https://ap.wps.com/l/cbCaijqq1I3MowEH","pdf",116032,"English","# Welcome, Apologies and Announcements\n## Profit methodology consultation\n## Agree next steps\n## Date of the next meeting","[{\"question\":\"What was the main topic discussed at the extraordinary SSRO Board meeting?\",\"answer\":\"The Board focused on a profit rate methodology consultation, including how to determine baseline profit and capital servicing rates under the Defence Reform Act 2014.\"},{\"question\":\"What methodology basis did the Board consider for determining profit rates?\",\"answer\":\"The proposed approach was based on principles for transfer pricing, using comparable work and potentially multiple baseline profit rates for different types of work.\"},{\"question\":\"What decisions and next steps did the Board approve?\",\"answer\":\"The Board approved the draft consultation document, feedback form, and questions, delegated final approval authority to the Chair and Chief Executive, and scheduled stakeholder presentation and a public consultation starting 25 September 2015.\"}]","Single Source Regulations Office - Minutes of the Extraordinary Board Meeting - 4 September 2015 | PDF",1789225486]