Let's take a look at some standards shall we...
BS 6004
This standard recognises a PVC insulated, PVC sheathed cable with circuit protective conductor.
...
Position of circuit protective conductor:
Twin - centrally placed between cores in the same plane
3-core - centrally placed between black and grey cores in same plane
The standard therefore recognises the uninsulated core as a CPC. Therefore it should be used as such, whatever mechanical protection or otherwise you apply.
For multicore cables without an uninsulated core, the standard recognises that it is understood that that colours green/yellow when they are combined as specififed are recognised as identifying exclusively the core intended for use as an earth conductor or similar protection. I think the key word there is intent. There is no further reference, although it also recognises the use of blue for identifying the core intended to be used as a neutral.
BS 5467
Pretty much the same as BS 6004. Obviously there is a prime candidate for a CPC already in these cables (the armour) and no provision is made for an uninsulated core.
BS 7671
I'll forget 411 regulations, as it's not relevant if you're not using a CPC and therefore not relying on automatic disconnction of supply.
412.1.3 advises that where Double or Reinforced Insulation is the sole protective measure, it shall be verified that the installation or circuit concerned will be under effective supervision in normal use so that no change is made that would impair the effectiveness of the protective measure. One may be able to argue that there aren't that many Class 1 fans or thermostats on the market (or even any) but this is at the discretion of the electrician or designer to assess whether this departure would be acceptable.
514.4.2 to me is very clear. It's not telling you that green yellow cores should be used exclusively as a protective conductor, as it appears to be read as.
It's saying that the combination of the colours green and yellow shall be used only to identify a protective conductor. In my opinion this is to avoid people reading the 70/30 rule and using a 90/10 sleeving and calling the cable line. Strictly speaking this should also mean that coloured number markings shouldn't be used where green and yellow sit together, again to avoid confusion.
There is nothing saying you can't oversleeve a pre-coloured core to identify it as something else, except on single core g/y cables that will ultimately be likely to run through conduit and be intercepted along their length.