Fiduciary Duty

William:Sterling (Ataliwyd y cyfrif) made this Rhyddid Gwybodaeth request to Bank of England

This request has been closed to new correspondence from the public body. Contact us if you think it ought be re-opened.

Roedd y cais yn llwyddiannus.

William:Sterling (Ataliwyd y cyfrif)

Dear (Sir's) ,

A fiduciary duty is a legal or ethical relationship of confidence
or trust between two or more parties , most commonly a fiduciary or
trustee and a principal or beneficiary.

In a fiduciary relation one person justifiably reposes confidence,
good faith , reliance and trust in another whose aid, advice or
protection is sought in some matter. In such a relation good
conscience requires one to act at all times for the sole benefit
and interests of another, with loyalty to those interests.

This is NOT happening in HMCS and a clear conflict of interest
prevail between ‘professionals’ within local authorities and the
families comprising of men/women/offspring(children)they claim to
re-pre-sent to the state.

What information does your department hold about your fiduciary
duty and is this to the people. i.e. real men/women/their
offspring(children) or to the Crown i.e. City of London.

yours Truly,

William:Sterling

Enquiries, Bank of England

Dear Mr Sterling

We acknowledge receipt of your email dated 28 October (our ref FF 23625).
We will reply in due course.

If you have any queries please contact the Bank's Public Information and
Enquiries Group on 020 7601 4878.

Public Information and Enquiries Group

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Enquiries, Bank of England

Dear Mr Sterling

Thank you for your email of 28 October under the Freedom of Information Act 2000 ('FoI Act') concerning fiduciary relationships and Her Majesty's Court Service.

You ask what information the Bank holds concerning its fiduciary duty and whether any such duty is owed 'to the people ie real men / women / their offspring (children) or to the Crown ie City of London'.

The Bank enters into many relationships with many persons each day as part of its normal central banking operations. It is not subject to any single, overriding fiduciary duty as part of those operations. Please let me know if, in these circumstances, you require any further information from the Bank and, if so, could you please indicate what specific information or documentation you have in mind.

Yours sincerely

Stuart Allen
Deputy Secretary of the Bank

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William:Sterling (Ataliwyd y cyfrif)

Dear Stuart,

You state The Bank enters into many relationships with many persons each day, but have failed to answer the question that relates to real men/women/their offspring (children) who are not and can never be classed as 'persons' another label for a corporation.

Please answer the following;

What information does your department hold about your fiduciary duty and is this to the people. i.e. real men/women/their offspring(children) or to the Crown i.e. City of London.

yours Truly,

William:Sterling

Enquiries, Bank of England

1 Atodiad

Please find attached the Bank's response to your email.

Kind regards

Adam Munro
Bank of England

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