Regulatory Alerts2026-06-03
Statistical Notice 2026/05 - Implementation of Bank of England Statistics Taxonomy v1.3.1
The Bank of England requires regulated firms to implement the updated Statistics Taxonomy v1.3.1 for live XBRL submissions covering end-May data, due from mid-June 2026. This non-backwards-compatible update replaces version 1.3.0 and mandates that firms update reporting systems, verify correct taxonomy entry points in instance documents, and transition away from the discontinued Statistical Utility tool. Reporting requirements remain unchanged, but firms must complete internal testing and ensure relevant teams are aware before submitting returns under the new technical framework.
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