GovWire

HM Treasury is releasing a redacted version of the Asset Purchase Facility (APF) deed of indemnity following a ruling by the Information Commissioners Office (ICO). As noted in the ICOs decision notice, a high level of transparency already exists in relation to the UKs quantitative easing programme and the APF, and the Commissioner considers that the public interest in disclosure is met to a large extent by the myriad of information which has been published online by HM Treasury, Parliament and other public authorities.

Certain sections of the deed of indemnity have been redacted as the release of these sections would reveal operationally sensitive information related to government cash management practices. The ICO has considered this case and ruled that HM Treasury had correctly applied exemptions to part of the requested information as release would be likely to prejudice the economic interests of the UK. The ICO ruled that public interest weighed in favour of maintaining the exemptions and withholding the release of certain sections of the deed.

View the ICOs decision notice.