Statistical Notice 2026/08 - Changes to the criteria for monthly form BT reporting
Overview
The Bank of England is changing the criteria used to determine which firms are required to submit Form BT monthly.
Under the revised criteria, monthly Form BT reporting will generally be required where a firm is also required to submit specified monthly Money and Credit statistical returns. Firms that do not meet these criteria will continue to submit Form BT only quarterly, unless the Bank informs them otherwise.
Background
All banks and building societies with a deposit-taking licence are required to submit Form BT at least quarterly. A subset of these firms is also required to report Form BT monthly.
The Bank periodically reviews these reporting populations to ensure that the reporting burden remains proportionate while still meeting statistical quality requirements.
Following the latest review, the Bank has decided to update the criteria for monthly Form BT reporting. This will mean that going forward, some firms currently submitting Form BT monthly will instead be required to submit it quarterly.
Changes to the criteria for monthly Form BT reporting
The Bank will update its reporting thresholds guidance to reflect the revised criteria.
Under the revised criteria:
- firms required to submit one or more of Forms BE, BN, GT or ER will also be required to submit Form BT monthly; and
- firms not required to submit any of these forms will generally be required to submit Form BT quarterly.
The Bank may still, at its discretion, require a firm to submit Form BT monthly, even if it does not submit any of the forms listed above.
Notification of reporting requirement changes
The Bank will contact affected firms individually to confirm any change to their current reporting requirements, and the period from which the change will apply.
The updated reporting thresholds guidance will also explain the notice periods that apply when a firm’s reporting requirements change. The notice period for removing a monthly reporting requirement may be shorter than the notice period for introducing one.
Further information
The updated reporting thresholds guidance will be made available on the Bank's website.
Any queries concerning this notice should be directed to the Money and Credit Group by emailing DSDMCG@bankofengland.co.uk.
Footnote
A summary of all Statistical Notice items that are yet to come into effect are also available to view on the Statistical notices page. Statistical Notices should be received by all those responsible for the completion of Bank of England returns. To amend the circulation list please subscribe.
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