Regulatory Alerts2026-05-05
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Exchange of letters between the Governor and the Chancellor on the Asset Purchase Facility - May 2026
The Bank of England Governor and HM Treasury Chancellor published a formal exchange of letters in May 2026 to define the governance and operational parameters of the Asset Purchase Facility. This directive establishes updated supervisory coordination between the Bank and the Financial Conduct Authority while mandating the adoption of version 1.3.1 of the Bank’s Statistics Taxonomy. The framework further outlines synchronisation working group protocols and directs public consultation for integrating selected UK wildlife into the next banknote series.
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