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Home > Statistics > The Statistics Area of the Bank > A Revised Statistical Code of Practice for the Bank of England
 

A Revised Statistical Code of Practice for the Bank of England

Image of Statistical Code of Practice
The Bank of England has published a revised version of its Statistical Code of Practice, following the regular triennial review. An accompanying article explains why revisions were needed and summarises the main changes, particularly those arising from the Financial Services Act 2012, including the creation of the Financial Policy Committee and Prudential Regulation Authority as a subsidiary of the Bank of England.
 
The Code sets out standards for the collection, compilation and dissemination of data by the Bank for statistical and regulatory data purposes. It rests upon seven key principles: relevance, integrity, quality, accessibility, confidentiality, respondent burden and cost efficiency. As with earlier versions, the Code is consistent with the requirements of the International Monetary Fund's "Special Data Dissemination Standard" and has much in common with other international codes of practice for statistics, including that of the UK Statistics Authority, compared in an annex. The Code is a statement of intent: while much is fully reflected in current practice, some observations reflect work in progress.
 
A link to the revised Code and the background note on the changes made since 2010 are provided below. To request a printed copy of the Statistical Code of Practice, please contact the Data Reception team (Tel 020 7601 5360, 
 
Page last updated 21 June 2013