The Freedom of Information Act 2000 came into effect on 1 January 2005. The Act places a number of obligations on public authorities about the way in which they provide information and creates a duty to provide advice or assistance to anyone seeking information.
The Bank is designated as a public authority and falls within scope of the Act except in respect of certain excluded functions which are specified as:
- monetary policy
- financial operations intended to support financial institutions for the purposes of maintaining stability
- the provision of private banking services and related services
Further details on Freedom of Information at both the Bank of England and Prudential Regulation Authority can be found below: