Change of https://www.gov.uk/government/publications/orange-book

Change description : 2026-07-29 17:07:00: The four documents:Portfolio Risk Management Guidance Orange Book AnnexRisk Appetite Guidance NoteRisk Management Skills and Capabilities FrameworkGood Practice Guide: Risk ReportingWere deleted as they were out of date, contained links to superseded guidance and no longer fully reflect the current Risk Centre of Excellence thinking and practice. Additionally, a small line was added to the top of the page including a link to the internal intranet for the Government Finance Function, OneFinance. [Guidance and regulation]

Showing diff : 2026-06-03 15:23:18.497110669 +00:00..2026-07-29 16:08:19.618846145 +00:00

Guidance

Orange Book

This guidance establishes the concept of risk management.

From:
Government Finance Function and HM Treasury
Published:Published
29 May 2013
Last updated:updated
293 JulyJune 2026 — See all updates

Documents

The Orange Book Management of Risk – Principles and Concepts

HTML

Orange Book: Management of risk - Principles and Concepts (PDF 462KB)

PDF, 465 KB, 64 pages

Quick Guide Central Government’s Assurance Directory

HTML

Quick Guide Central Government's Assurance Directory PDF

PDF, 1 MB, 12 pages

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If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email govfinance@hmtreasury.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Central Government’s Assurance Directory Spring 2026

MS Excel Spreadsheet, 1.44 MB

Details

Portfolio Risk Management Guidance Orange Book Annex

PDF, 1.91 MB, 24 pages

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Details

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Updates to this page

Published 29 May 2013
Last updated 3 June 2026 href="#full-history">+ show all updates

  1. The Central Government's Assurance Directory has been updated.

  2. Added a new attachment - A Quick Guide: Central Government's Assurance Directory. A document supporting the newly added CGAD (also attached in this document).

  3. The former Risk Management bank of questions has been replaced with the Central Government's Assurance Directory.

  4. Update to the Risk Control Framework ‘bank of questions’ excel tool 2024 on Gov.uk to incorporate updates to some of the sections as follows: a. Part 1 – extension of Orange Book risk questions; b. an addition of a new section to cover UK Sanctions; c. general update to the spreadsheet to ensure references remain valid and link to latest versions of documents; and d. minor format changes, for example, change to contents pages and change to HMTreasury logo.

  5. Added Risk Control Framework 'Bank of Questions' April 2023 document

  6. New edition of the Orange Book and a new annex 'Portfolio Risk Management Guidance Orange Book Annex' has also added.

  7. Risk Appetite Guidance Note replaced with version 2.0

  8. The 'Good Practice Guide: Risk Reporting' has been added to the collection.

  9. The 'Risk Management Skills and Capabilities Framework' publication has been added to the collection.

  10. Added Risk Appetite Guidance Note document

  11. The Orange book has been revised.

  12. Updated with Orange Book: a high-level summary.

  13. Updated Orange book.

  14. First published.

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Update history

2026-07-29 17:07
The four documents:Portfolio Risk Management Guidance Orange Book AnnexRisk Appetite Guidance NoteRisk Management Skills and Capabilities FrameworkGood Practice Guide: Risk ReportingWere deleted as they were out of date, contained links to superseded guidance and no longer fully reflect the current Risk Centre of Excellence thinking and practice. Additionally, a small line was added to the top of the page including a link to the internal intranet for the Government Finance Function, OneFinance.

2026-06-03 16:23
The Central Government’s Assurance Directory has been updated.

2025-06-03 12:47
Added a new attachment – A Quick Guide: Central Government’s Assurance Directory. A document supporting the newly added CGAD (also attached in this document).

2025-04-24 14:35
The former Risk Management bank of questions has been replaced with the Central Government’s Assurance Directory.

2024-11-21 09:53
Update to the Risk Control Framework ‘bank of questions’ excel tool 2024 on Gov.​uk to incorporate updates to some of the sections as follows:a. Part 1 – extension of Orange Book risk questions;b. an addition of a new section to cover UK Sanctions; c. general update to the spreadsheet to ensure references remain valid and link to latest versions of documents; andd. minor format changes, for example, change to contents pages and change to HMTreasury logo.

2023-05-04 15:35
Added Risk Control Framework ‘Bank of Questions’ April 2023 document

2023-05-04 14:38
New edition of the Orange Book and a new annex ‘Portfolio Risk Management Guidance Orange Book Annex’ has also added.