The Monk's Bay Sandstone Formation (MBSF) is the new name for the Lower Albian ferruginous sandstone that was formerly known as the Carstone of the Isle of Wight. The new term was proposed to remove any confusion with the Carstone, of similar age and lithology, described from the separate Lower Cretaceous sedimentary basin of Eastern England. This paper formalises the nomenclatural change outlined in the Lower Cretaceous Framework Report, ratified by the Geological Society Stratigraphy Commission.The MBSF, representing a major mid-Albian transgressive event, is described from a series of boreholes drilled by the British Geological Survey across the Isle of Wight, and from additional coastal exposures, together with reinterpretations of sections described in earlier works.The age range of the MBSF is determined in relation to recent biostratigraphical schemes supported with new data from the previously unknown presence of foraminifera. Deposits, belonging to the Leymeriella regularis Subzone, were previously considered to be absent from the succession and represent the stratigraphical gap separating the formation from the underlying Sandrock Formation. However a first occurrence of tubular foraminifera resembling Hyperammina/'Rhizammina cf dichotomata suggest that the oldest part of the formation in the northeast of the island may be of regularis Subzone age. This unconformity is correlated with the sequence boundary LG4 of Hesselbo and the presence of the Sonneratia kitchini Subzone at the base of the MBSF on the Isle of Wight suggests that this boundary should be placed at the lower of two candidate horizons within the successions of the Weald.The formation is restricted to the Isle of Wight but is coeval with similar coarsegrained sediments, e.g the Carstone and 'JunctionBeds' to the north. The palaeogeography of the formation and the relationship with these similar deposits and the implications for the timing of mid-Albian structural events is briefly discussed. The identification of older Lower Greensand Group sediments beneath the MBSF in boreholes north of the Isle of Wight structure, together with new survey data indicating north-south orientated faulting affecting the early Cretaceous implies a tectonic element to the distribution the Lower Greensand Group sediments. Taken together these imply a complex interaction of tectonics and transgressive events throughout the Aptian and Albian over this structural high.