Events listed in Bank of England Act 1998
Index Linked Treasury Stocks
ID 26408
The Prudential Regulation Authority (PRA) has published a press statement declaring the interest and principal that will be paid to holders of certain index-linked Treasury Stock in July 2024. Both bonds are linked to the Retail Prices Index. Specifically, – holders of the 2 1/2% Index-Linked Treasury Stock 2024 will be paid £4.8288 per £100 nominal of stock on July 17, 2024. The final ...
Asset Purchase Facility: Gilt Sales – Market Notice 15 December 2023
ID 26303
The Bank of England (BoE) has published a new market notice to announce its plan to sell a total of £8.15 billion worth of gilts during the first quarter (Q1) of the year. Unlike in previous quarters, the sales will no longer be evenly divided across gilts within the short-term (3-7 years remaining maturity), medium-term (8-20 years remaining maturity, and long-term (beyond 20 years ...
Bank of England Levy Framework Document
ID 25713
BoE has released a consultation paper on the Framework Document for the Bank of England Levy (the Levy), with the intention of replacing the current CRD in 2024 (exact date TBA depending on the responses). Market participants should answer the following questions and send them to BoELevy@bankofengland.co.uk: – Do you have any general comments or observations in relation to this CP and how the ...
Statistical Notice 2023/11
ID 25707
The Bank of England (BoE) has published a new statistical notice (2023/11) relating to the HM Treasury’s intention to replace the Cash Ratio Deposit (CRD) scheme with a new levy to fund the operations of the Bank. In this notice, the BoE provides some background information on the intended change and asks financial institutions to comment on the ongoing consultations in this context (please ...
Implementing the Bank of England Levy: A Consultation on Draft Regulations
ID 25696
In view of the government’s intent to eliminate the cash ratio deposit (CRD) requirements of institutions (please see the comment box below) and replace them with a levy framework to cover the costs of the Bank of England (BoE) in relation to its monetary policy and financial stability functions, the HM Treasury has now launched a corresponding public consultation. In it, the Treasury seeks ...