diff --git a/README.md b/README.md
index fcf8f84..17c03fb 100644
--- a/README.md
+++ b/README.md
@@ -15,7 +15,7 @@ need a QEP.
 | QEP | Title | Type | Status | Version |
 |-----|-------|------|--------|---------|
 | [QEP-1](qeps/qep-0001-purpose-and-process.md) | QEP Purpose and Process | process | Accepted | v2 |
-| [QEP-2](qeps/qep-0002-standard-github-labels.md) | Standard GitHub Label Set and Labelling Policy | standard | Draft | – |
+| [QEP-2](qeps/qep-0002-standard-github-labels.md) | Standard GitHub Label Set and Labelling Policy | standard | Accepted | – |
 
 QEPs that set an ongoing rule are **maintained in place**: a substantive amendment bumps
 the QEP's `version` (shown above) under the same review process, rather than superseding
diff --git a/qeps/qep-0002-standard-github-labels.md b/qeps/qep-0002-standard-github-labels.md
index 130d34a..5445ad3 100644
--- a/qeps/qep-0002-standard-github-labels.md
+++ b/qeps/qep-0002-standard-github-labels.md
@@ -2,7 +2,7 @@
 qep: 2
 title: Standard GitHub Label Set and Labelling Policy
 author: "@mmcky"
-status: Draft
+status: Accepted
 type: standard
 created: 2026-06-17
 discussion: https://github.com/QuantEcon/meta/issues/324
@@ -15,7 +15,7 @@ discussion: https://github.com/QuantEcon/meta/issues/324
 | **QEP**      | 2                                                                  |
 | **Title**    | Standard GitHub Label Set and Labelling Policy                    |
 | **Author**   | @mmcky                                                             |
-| **Status**   | Draft                                                              |
+| **Status**   | Accepted                                                           |
 | **Type**     | standard                                                           |
 | **Created**  | 2026-06-17                                                         |
 | **Discussion** | [QuantEcon/meta#324](https://github.com/QuantEcon/meta/issues/324) |