This report has been prepared as an input to the second review of the functions of the Standing Committee on Finance (SCF) in accordance with decision 15/CP.27 and the terms of reference contained in the annex to that decision, which was affirmed in decision 15/CMA.4. It summarizes the results of an assessment survey conducted by the SCF among current members and former members who served on the SCF during the period (2017–2022) covered by the second review of its functions as well as Parties and observer organizations that engaged with the SCF during that period. In addition, it presents possible opportunities for improving the efficiency and effectiveness of the SCF as identified by members on the basis of the survey results.