The reason for the sudden cessation is unknown, no hint being obtainable from the minutes, but since then the day-to-day decisions have been delegated to the Comptroller General and the Assistant Comptroller, who are civil servants, but are appointed by and act on behalf of the Commissioners.
On the comparatively rare occasions when it is necessary for a fundamental policy matter to be put to the Commissioners for a decision, it is referred to the Chancellor of the Exchequer, the Governor and the Deputy Governors of the Bank of England, who together constitute a quorum and are sometimes referred to as the "active" Commissioners.
However, the Commissioners did reconvene, at the Chancellor's invitation, on 15 February 2016, on which occasion the DMO's Chief Executive was officially appointed as the Government Broker, a formal title previously conferred on the senior partner of the stockbrokers Mullens & Co., up until 1986.
[7] The statutory functions of CRND have been carried out within the UK Debt Management Office since July 2002.
It also manages some residual operations relating to the National Debt including donations and bequests and the 3.5 per cent Conversion Loan Sinking Fund.