Asset Purchase Facility: Gilt Sales – Market Notice 17 September 2026
Why this matters
This is a Bank of England market notice detailing implementation of the MPC's decision to unwind the Asset Purchase Facility through gilt sales. It provides operational guidance on how £488.2bn of gilts will be managed (held to maturity, sold to government, or retained for banknote backing) with a defined £20bn annual sales pace. While it signals important policy direction and requires coordination between the Bank, HM Treasury, and the DMO, it is fundamentally an informational announcement of planned actions rather than a new regulatory obligation. The April 2027 review date and pending operational details indicate this is still in planning stages. Significance is elevated to 3 because it contains concrete regulatory signals and operational details relevant to capital markets participants and financial institutions engaged in gilt trading.
AI-generated classification rationale, not a full analysis. Verify with the original BoE source before acting. Full disclaimer.
What the BoE said
This Market Notice outlines the Bank Executive’s approach to implementing the Monetary Policy Committee’s (MPC) decision to unwind the gilts held for monetary policy purposes in the Asset Purchase Facility (APF). As part of this, Bank APF auctions will be paused while the Bank reviews a model of selling gilts to the…
Extract from BoE . Read the full notice at the source for the authoritative text.
Context
Bank of England (BoE) — UK central bank overseeing monetary policy and financial stability. We track 247 updates from them.
Financial services regulation in the UK, primarily overseen by the FCA and PRA. Browse all United Kingdom updates.
This update is classified under Reporting & Disclosure, Capital Markets & Trading and Banking & Credit.