Bank of England Updates Monthly Form BT Reporting Criteria

The Bank of England has announced changes to the criteria for monthly Form BT reporting. The revised criteria will require firms that submit one or more of Forms BE, BN, GT, or ER to also submit Form BT on a monthly basis.

Firms not required to submit any of these forms will generally be required to submit Form BT quarterly, unless the Bank informs them otherwise.

The updated reporting thresholds guidance will explain the notice periods that apply when a firm's reporting requirements change. The Bank may still require a firm to submit Form BT monthly, even if it does not submit any of the listed forms.