To ask the Chancellor of the Exchequer (1) with reference to his Department's press notice of 19 January 2009 on the Asset Protection Scheme, what the agreed (a) principles and (b) guidelines for managing assets under the terms of the Asset Protection Scheme are; (264391)

Further details on the operation of the Asset Protection Scheme, including the management and governance of protected assets, and remuneration arrangements for the managers of protected assets, are set out in the document on the Asset Protection Scheme that the Chancellor placed in the House Library on 27 February.

To ask the Chancellor of the Exchequer whether bank assets under the asset loan guarantee scheme will be required to be on a balance sheet; what other requirements will apply to methods of accounting for them; and whether the accountancy treatment of such assets will be agreed with the Financial Reporting Council and the Accountancy Standards Board. (264721)

Assets are required to remain on the participant's balance sheet at all times in order to be protected under the Asset Protection Scheme.

The banks participating in the Asset Protection Scheme will continue to be required to comply with international financial reporting standards.

To ask the Chancellor of the Exchequer what steps his Department has taken to ensure compliance with section 26 of Appendix A to the document on the UK Asset Protection Scheme; and if he will make a statement. (268078)

Institutions participating in the Asset Protection Scheme will be required to comply with asset management requirements prescribed by HMT.

More detail on the requirements will be set out in the Accession Agreements with the participating banks, when the due diligence process has been completed.