Regulatory Alerts2026-02-09
Green notice 2026/01: Consultation on Discontinuation of Form BN Data Collection
The Bank of England issued Green notice 2026/01 to update its consultation on discontinuing Form BN data collection, noting unanimous respondent support for reduced reporting burdens. Although some firms report limited savings due to integrated internal processes, the Bank will evaluate whether Forms CC and CL can adequately replace Form BN for Office for National Statistics requirements. Firms must continue submitting Form BN until the Bank completes this assessment and publishes final changes in a subsequent Statistical notice.
Green notices cover significant and/or significant proposals for Bank of England reporting. If any of these proposals are finalised and are to be implemented, they will appear in a statistical notice.
Published on
09 February 2026
Consultation on discontinuation of form BN data collection - update
Following the publication of Green notice 2025/01 and the associated consultation on the proposal to discontinue the collection and publication of Form BN data, we are issuing this follow‑up notice to summarise feedback received and outline next steps.
Summary of consultation feedback: As part of the consultation process, we have become aware of the extent to which the Office for National Statistics (ONS) relies on data sourced from Form BN for the production of certain national published statistics. We are therefore considering alternative sources to meet the ONS’ data needs, so would ask firms to continue submitting Form BN.
No respondents objected to the proposal to discontinue Form BN. Respondents largely agreed that withdrawing collection of Form BN would reduce their reporting burden.
However, a few respondents mentioned that discontinuing Form BN would not significantly reduce reporting burden for them, noting that their internal processes are integrated across multiple collections and therefore may not yield meaningful resource savings even if Form BN is discontinued.
Next steps: At the start of the consultation, we noted that Forms CC and CL provide a large degree of overlapping coverage to Form BN. Therefore, we are currently assessing the feasibility of using these forms as alternative sources to the ONS’ data needs that are currently being met by Form BN.
Our assessment will consider:
The suitability of data derived from Forms CC and CL for ONS’ statistical use;
Any methodological adjustments required, and their impact on the ONS’ outputs; and
Whether the additional cost of meeting the ONS’ data needs through Forms CC and CL, outweighs the savings of decommissioning Form BN.
We will provide further updates once our assessment is complete. Any confirmed changes will be communicated through a subsequent Statistical notice. To avoid doubt, firms that currently report Form BN, or are in future advised they have met our threshold for doing so, should continue reporting Form BN.
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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