The operational rules and mechanics of the gilt market are set out in the documents available below. A Guide to the Roles of the DMO and Primary Dealers in the UK Government Bond Market is aimed at the DMO gilt market counterparties and outlines their obligations as gilt-edged market makers and the DMOs obligations to them. It is an updated and expanded version of A Description of the DMO's Relationship with the GEMMs and IDBs.
The Information Memorandum for the Issue, Stripping and Reconstitution of British Government Stock sets out the legal details behind gilt issuance, while Official Operations in the Gilt-edged Market provides detail on the operational procedures conducted by the DMO in the gilt market.
Finally, a comprehensive background paper by the Bank of England on the gilt strips facility can also be found below.
Available below are documents relating to previous versions of operational rules and other historical information.