While this camp agrees with the UMSITW camp that the self exists as part of our brain-based model of the world and that this model is updated to correspond with important aspects of the real world, the idea that subjective awareness is what it is like to be the process of updating the model is not right.
The model is updated by the process of perception. The self has some control over this process (by, for instance, moving to a different location) but there is no direct intervention: updating is not conscious.
Subjective awareness is what it is like to be the self.