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Statistical Notice 2025/05 - Confidentiality Permission Review 2026

AI Analysis

Executive Summary

The Bank of England's Statistical Notice 2025/05 requires all reporting institutions to confirm their confidentiality permissions for publishing aggregate statistical data during the 2026 reporting year. This mandatory review streamlines data publication processes by seeking prior consent for aggregate data where firms are among fewer than three contributors, reducing administrative burden while maintaining data integrity.

What Changed

The notice introduces a streamlined confidentiality permission framework with four consent options for reporting institutions: 1. Blanket consent โ€“ Give prior approval for all statistical forms 2. Form-by-form consent โ€“ Approve permissions on individual forms 3. Selective consent โ€“ Approve all forms except specified data points 4. Case-by-case opt-out โ€“ Require explicit consent for each publication instance The material change is the Bank's shift toward pre-approval for aggregate data publication where firms represent fewer than three contributors to an aggregate figure. This reduces the need for individual consent requests while protecting firm-level confidentiality. Firms with indefinite prior consent from previous years need not resubmit unless changing their approach.

What You Need To Do

  • *Log into the BEEDS portal and access the confidentiality permission survey
  • *Select one of four consent options (blanket, form-by-form, selective, or case-by-case)
  • *For multi-entity groups
  • *Review prepopulated firm information and make adjustments as needed
  • *Submit final preferences via the portal (latest submission version is treated as final)
  • *Document the resubmission process if amendments are required, following the BEEDS Portal User Guide

Key Dates

19 December 2025, 5:00 PM GMT โ€“ Deadline for completing confidentiality preference survey in BEEDS portal DEADLINE
Januaryโ€“December 2026 โ€“ Reporting reference periods covered by granted permissions
Ongoing โ€“ Consent remains valid for these periods unless explicitly withdrawn; applies to resubmissions and late submissions for 2026 reference periods

Compliance Impact

Urgency: HIGH

Who is Affected

Primary:Secondary:Scope:

Summary

Statistical Notices update the definitions and guidance contained in the Banking Statistics Yellow Folder

Relevant Firm Types

BankAll Firms
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