This document responds to the request in decision B.25/08 to further develop the simplified approval process. It considers the recommendations of the review of the simplified approval process pilot scheme presented at the 25th meeting of the Board and the comments of Board members thereon, as well as the recommendations made by the Independent Evaluation Unit (IEU) in its Independent Assessment of the GCF simplified approval process (SAP) Pilot Scheme (pending Board publication) and the Board comments received during the initial consultation process. On that basis, this document proposes in Annex II an updated simplified approval process and activity cycle designed to increase the scope and speed of the SAP.