Statistical and Green Notices to Reporting Institutions

 

The new version of the Form, Validation Form, Definitions and Validations can be viewed on the “New 2012 Forms” page until they become active (at which point they will be moved to the “Reporting Forms Page”):

 

 

In summary, changes to the Form BG (effective from Q1 2012 reporting) are as follows:

 

1) Additions:

 

i) New items added to identify the geographical breakdown of holding gains and losses earned by non-resident (outward) and UK resident (inward) branches, subsidiaries and associated companies (BG13 and BG14), consistent with values reported on the Form PL (see the new cross form validations in the Form BG Validations document for further details).

 

ii) New items added to identify the geographical breakdown of transfer pricing receipts and payments (BG11 and BG12), consistent with values reported on part two of the Form PL from Q1 2011 (PL34 and PL35).

The first period for reporting the new Form BG will be Q1 2012 for quarterly reporters or Q4 2012 for annual reporters.

The updated Technical Specification (Version 32) document is available to download from our website at:

 

 

If you are likely to have any problems introducing these changes in the proposed timescales or have any queries relating to these changes, please contact Jeremy Rowe (Tel. 0207 601 3814, jeremy.rowe@bankofengland.co.uk).

In July 2011, Sudan politically restructured and separated into two individual entities — Sudan (Two letter code SD, four letter code SUDA) and South Sudan (Two letter code SJ, four letter code SSUD). Therefore, business with each individual entity should be reported separately with effect from end-June 2012 for Forms CC, CL, CE, C1 and DQ and for 2012 Q2 for quarterly reporters of Form BG. Annual reporters of Form BG should report the entities separately for the whole of 2012. Updated forms will be available to download from our website shortly.

If you have any queries relating to this change, please contact Elias Razak (Tel. 020 7601 5797, elias.razak@bankofengland.co.uk) .

The review of the Forms IS, IC and IO have been completed as part of the rolling programme of reviews of statistical returns outlined in the Bank’s Statistical Code of Practice.  Under the review, users of the data were consulted regarding their current and future requirements.  Based on these consultations, the benefits of Form IS, IC and IO items were assessed and proposed changes to the form drafted.  These proposals were subsequently discussed and agreed with industry representatives in the BBA Statistical Advisory Panel.

The new version of the Form, Validation Form, Definitions and Validations can be viewed on the “New 2013 Forms” page until they become active (at which point they will be moved to the “Reporting Forms Page”): http://www.bankofengland.co.uk/statistics/reporters/defs/new2013forms.htm

In summary:

Changes to the Form IS (effective from February 2013 reporting for January 2013 data) are as follows:

for Sterling and Euro loans.

Have changed to ISXFBM, ISXFBM1, ISXFBMA and ISXFBMB respectively.

Changes to the Form IC (effective from February 2013 reporting for January 2013 data) are as follows:

Changes to the Form IO (effective from February 2013 reporting for January 2013 data) are as follows:

The first period for reporting the new Forms IS, IC and IO will be February 2013 for January 2013 data.
If you are likely to have any problems introducing these changes in the proposed timescales or have any queries relating to these changes, please contact Tim McDonald  (Tel. 0207 601 5024, tim.mcdonald@bankofengland.co.uk) or Sharon Bell (Tel. 0207 601 4612, sharon.bell@bankofengland.co.uk)

• Additions:
  • Gross lending (MM2) has now been additionally split into
    • MM2a – gross lending, of which for house purchase
    • MM2a – gross lending, of which for remortgaging
    • MM2a – gross lending, of which for other advances
    • MM2a – gross lending, of which for unanalysed advances

• A new box explicitly for amounts written off during the month, MM13, has been added for Sterling first and other mortgages, and for Euro loans.
• MM14 – net loan sales (-), purchases (+) and other transfers during the month, has been added for Sterling first and other mortgages, and for Euro loans. This replaces boxes MM7 and MM8 (see removals below).
• MM15 – other adjustments to the amount outstanding: reductions (-) and increases (+) has been added for Sterling first and other mortgages, and for Euro loans.
• MM18 – net provision charge for bad and doubtful debts: net secured lending has been added for Sterling first charge mortgages, and for Euro loans.
• MM19 – number of lending transactions secured on residential property in the month has been added for Sterling first charge mortgages, and for Euro loans.
• MM20 – loans and advances to Individuals and Individual Trusts: Other, has been added for Sterling and Euro loans.
• MM21 – loans and advances to Housing Associations, has been added for Sterling and Euro loans.

• Removals:
  • MM7 – mortgage portfolios acquired, has been removed and replaced by MM14 (see additions above) for Sterling first and other mortgages, and for Euro loans.
  • MM8 – mortgage portfolios disposed, has been removed and replaced by MM14 (see additions above) for Sterling first and other mortgages, and for Euro loans.

• Other changes: note that the underlying definitions of these boxes have not changed.
  • The description of box MM2 has changed from Gross advances completed during the month to Gross lending in the month.
  • The description of box MM12d has changed from unanalysed approvals to unanalysed cancellations.
  • The description of box MM9 has changed from Amount outstanding at curr. Rep. date (excl. securitisations) to Amount outstanding at current reporting date and the box codes have changed from MM9 to MM16. Please note that despite the description change, the treatment of securitised loans remains unchanged and is detailed in section 16 of the MM form definitions.
  • The description of box MM10 has changed from “Other mortgage balance managed” to “Mortgage balances managed but not owned” and the box codes have changed from MM10 to MM17.

• Additions:
  • Other loans and advances to individuals and individual trusts (MQ18b) has been further split into
    • Other secured loans for loans and advances in Sterling, Euro and all other currencies.
    • Unsecured loans for loans and advances in Sterling, Euro and all other currencies.

• Removals: none

• Other changes: none

As well as a wide consultation on possible user requirements, this review will address changes required to meet the new ESA10 international requirements and possible additional requirements for financial stability analysis.

Further details on proposals for change will be given for consultation during 2012.