This document builds on the findings and recommendations of document GCF/B.25/10 titled “Revision of the structure and operations of the independent Technical Advisory Panel”, and proposes an update to the operational modalities of the independent Technical Advisory Panel (TAP) to respond to the opportunities and challenges in the first replenishment period of the GCF. Proposed changes include the shift to reviews on a rolling basis, the use of virtual meetings and smaller peer review teams, the development of internal and external guidelines, and changes in the system for the remuneration of the TAP members. These changes will at least double the overall review capacity of the TAP and decrease its operational costs, increasing the overall programming efficiency of the GCF.