2003 No. 2094
The Land Registry Trading Fund (Extension and Amendment) Order 2003
Made
Laid Before Parliament
Coming into force
Whereas:
The Land Registry Trading Fund Order 19931 established under the Government Trading Funds Act 1973 (“the 1973 Act”)2 a trading fund to be known as the Land Registry Trading Fund (“the Fund”);
It appears to the Lord Chancellor that—
additional operations of the Land Registry (being operations of a Department of the Government for which the Lord Chancellor is responsible) are suitable to be financed by means of a trading fund and, in particular, to be so managed that the revenue of the fund would consist principally of receipts in respect of goods or services provided in the course of the operations in question; and
the financing of those operations by means of a trading fund would be in the interests of the improved efficiency and effectiveness of the management of those operations; and
the operations of the Fund should be extended to those operations.
The Lord Chancellor has, in accordance with section 2 of the 1973 Act and with the concurrence of the Treasury, determined that no Crown assets or liabilities, other than those already appropriated to the Fund are properly attributable to the additional operations;
In accordance with section 6(2) of the 1973 Act, a draft of this Order has been laid before the House of Commons and has been approved by a resolution of that House.
Now, therefore, the Lord Chancellor in exercise of the powers conferred upon him by sections 1(1), 2(1) and 6(1) of the 1973 Act, and of all other powers enabling him in that behalf, with the concurrence of the Treasury, hereby makes the following order:
Citation and commencement1
This Order may be cited as the Land Registry Trading Fund (Extension and Amendment) Order 2003 and shall come into force on 13th October 2003.
Amendment of the 1993 Order2
The Land Registry Trading Fund Order 1993 (“the 1993 Order”) is amended as follows:
a
In article 2, the words “Land Registration Act 20023” are substituted for the words “Land Registration Act 1925”.
b
For Schedule 1 to the 1993 Order, there is substituted the Schedule set out in the Schedule to this Order.
We concur
SCHEDULESCHEDULE 1 TO THE 1993 ORDER AS SUBSTITUTED BY THIS ORDER
SCHEDULE 1THE FUNDED OPERATIONS
1
The conduct of the whole business of the registration of titles to land under the Land Registration Act 2002 and, so far as is provided for by the transitional provisions of that Act, the Land Registration Acts 1925 to 1986.
2
The conduct of the whole business of the registration of land charges and other instruments and matters under the Land Charges Act 1972.
3
The conduct of the whole business of the registration of agricultural credits under the Agricultural Credits Act 1928.
4
The provision of services in wider markets, including outside the United Kingdom, relating to the registration of titles to land and to the management and marketing of information relating to land and property.
5
Without prejudice to the foregoing, the performance by the Chief Land Registrar and any other officers of the Land Registry of any function imposed on them or any of them by law as at 13th October 2003.
6
Operations incidental, conducive or otherwise ancillary to the foregoing.
(This note is not part of the Order)