My Rt hon Friend the Minister of State for Business and Enterprise and Energy (Matthew Hancock) has today made the following statement.
The commencement of the Triennial Review of the Land Registration Rules Committee was announced in Parliament on 11th December 2014 through a Written Ministerial Statement. I can now announce the completion of the Review.
The Land Registration Rules Committee is an Advisory Non-Departmental Public Body which was established by section 127 of the Land Registration Act 2002. Its function is to advise on and assist in the making of Land Registration Rules and Land Registration Fee Orders. These can be new Rules or Fee Orders, as well as amendments to existing ones.
The Review concludes that the functions performed by the Land Registration Rules Committee are still required and that it should be retained as an Advisory Non Departmental Public Body.
The Review also examined the Governance arrangements for the Land Registration Rules Committee in line with guidance on good corporate governance set out by the Cabinet Office. The Review concluded that that Land Registration Rules Committee complying with the vast majority of governance and accountability requirements which are placed on them by statute, regulation, BIS and governmental guidelines or best practice. However, the review team also identified areas where some action could usefully be taken to improve compliance further and have made recommendations to address these.
The full report of the review of the Land Registration Rules Committee can be found on the Gov.UK website. Copies of the report will be placed in the Libraries of the House.
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