Question to the HM Treasury:
To ask the Chancellor of the Exchequer, pursuant to the Answer of 12 February 2019 to Question 218386, for what reasons he is not able to publish the full version of the Accession Agreement to the Asset Protection Agency.
The Asset Protection Agency (APA) was set up in 2009 to manage the Asset Protection Scheme (APS), with the objective of maintaining financial stability and protecting taxpayers’ interests by helping participating banks manage their exposure to high-risk assets.
The Royal Bank of Scotland (RBS) signed an ‘Accession Agreement’ to the APS dated 26 November 2009. This Agreement has previously not been published as it contained personal and commercially sensitive information. The Agreement is currently being reviewed with the intention of publication following redaction of any information that remains personal and commercially sensitive.
The APA’s Framework Document is currently available in unredacted form at: https://webarchive.nationalarchives.gov.uk/20130129110533/http://www.hm-treasury.gov.uk/apa.htm
The ‘Asset Management Framework and Conflicts Management Policy, and related Modifications to the Accession Agreement’ is also available, with the exception of a number of redactions of commercially sensitive information, at: https://webarchive.nationalarchives.gov.uk/20130129110533/http://www.hm-treasury.gov.uk/apa.htm