§ The Parliamentary Under-Secretary of State for Constitutional Affairs (Mr. David Lammy)Land Registry's revised framework document is published today. Copies have been placed in the Libraries of both Houses.
Land Registry became an executive agency in July 1990 and a trading fund since 1993. During that period it has met improving financial, customer service and development targets whilst making land registration services progressively more efficient and cheaper.
The framework document sets out the framework within which Land Registry operates. In particular, it describes the flexibilities it has in terms of financial and human resource management. It also sets out it responsibilities to its customers and its accountability to the Secretary of State and Lord Chancellor and to Parliament. The Document has been produced following a major review of Land Registry's status and business operations in 2000. The report of that review was published in 2001.
On 13 October, the Land Registration Act 2002 was implemented signalling the most significant legislative reform for Land Registry since 1925. The changes to the operation of the Registry that have been brought about by the Act are reflected in the new document.