Session 2004-05 23 November 2004
Publication of report
Proposal for the Regulatory Reform (Execution of Deeds and Documents) Order 2004
The Regulatory Reform Committee has concluded that the proposal for the Regulatory Reform (Execution Of Deeds And Documents) Order 2004 meets the tests laid down in the Regulatory Reform Act, would be beneficial and recommends that a draft order in the same form as the proposal be laid before the House.
The Government laid this draft order before Parliament on 21 July 2004. The purpose of the proposal is to implement reforms to legislation governing the execution of deeds and other documents by and on behalf of corporations. The proposed reforms were identified by the Law Commission of England and Wales and were the subject of its report "The Execution of Deeds and Documents by and on behalf of Bodies Corporate". The effect of these proposed changes would be to make it clear what is required in various circumstances in order for corporations to execute a deed or other documents. The Committee concludes that the measure would increase certainty among businesses' legal practitioners and others that legal procedures leading to the execution of such documents have been correctly carried out and the document accepted as having been validly executed.
The Committee's full report is published as its Fourteenth Report of the 2003-04 Session at 2.00 pm on Tuesday 23 November. It will be available from all Stationery Office outlets (Ref HC 1271).
The text of the report will also be available on the Committee's website from 3.30 pm on the day of publication. (www.parliament.uk/regrefcom)