Green notice 2026/02

Why this matters

## PART 1: ANALYSIS **EXECUTIVE SUMMARY** The Bank of England has **paused its plan to discontinue Form BN reporting** after consultation feedback showed that the ONS still relies on Form BN-derived statistics for the UK National Accounts and that those figures cannot yet be recreated reliably from Forms CC/CL. For compliance teams, the immediate effect is that **Form BN reporting obligations remain unchanged**: firms currently in scope, and firms that later meet the threshold, must continue submitting Form BN until the Bank says otherwise. [1] **KEY CHANGES** - The BoE has **stopped work, for now, on discontinuing Form BN** and will not proceed to finalise the withdrawal at this stage. [1] - The BoE found that the UK National Accounts data the ONS derives from Form BN **cannot currently be recreated from other sources** such as Forms CC/CL because of practical challenges. [1] - Firms that currently report Form BN must **continue filing under the existing reporting framework**. [1] - Firms that are later advised they meet the reporting threshold must **also continue to submit Form BN** in line with the existing requirements. [1] - No new transition timetable, replacement filing, or revised deadline has been announced in this update. [1] **AFFECTED PARTIES** - Firms that **currently report Form BN** to the Bank of England. [1] - Firms that are **close to or above the Form BN reporting threshold** and may be notified of scope in future. [1] - Compliance, regulatory reporting, and finance teams responsible for **BoE statistical submissions**. [1] - Firms whose reporting feeds support **ONS/UK National Accounts** compilation through Form BN-derived data. [1] **DEADLINES & TIMELINE** - **03 October 2025** - The earlier Green Notice 2026/01 proposed discontinuation of Form BN and stated that respondents were to reply by **31 December 2025**. [5] - **31 December 2025** - Consultation responses to the earlier discontinuation proposal were due. [5] - **07 August 2026** - Green Notice 2026/02 updates the market that discontinuation work is paused and that Form BN reporting continues unchanged. [1] **REQUIRED ACTIONS** - Continue submitting **Form BN** in accordance with the existing BoE reporting rules and internal submission timetable. [1] - Do not remove Form BN from reporting inventories, control frameworks, or governance documents until the BoE issues a further notice. [1] - Maintain internal ownership, validation, and sign-off procedures for Form BN data because the reporting obligation remains live. [1] - If your firm may meet the Form BN threshold in future, prepare to commence reporting without assuming the obligation has been removed. [1] - Monitor BoE statistical notices for any renewed consultation, final decision, or implementation timetable on Form BN discontinuation. [1] **COMPLIANCE IMPACT** The compliance impact is **low-to-medium operationally but important from a reporting-risk perspective**: there is no new filing obligation, but there is also no relief, so firms must keep their existing controls fully operational. Failure to continue reporting could expose firms to supervisory follow-up, data-quality remediation, and potential breach of statutory reporting expectations. [1] **RELATED CONTEXT** This update reverses, at least temporarily, the earlier consultation direction described in Green Notice 2026/01, which had proposed ending Form BN data collection and publication with responses due by 31 December 2025. [5] It also aligns with the BoE’s broader practice of using statistical notices to signal whether reporting proposals will be implemented, paused, or superseded by later notices. [1][8] ## PART 2: CLASSIFICATION

AI-generated classification rationale, not a full analysis. Verify with the original BoE source before acting. Full disclaimer.