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Electronic Conveyancing

Volume 463: debated on Wednesday 12 September 2007

To ask the Secretary of State for Justice what steps he is taking to prevent the emergence of a monopoly in the provision of e-conveyancing through the chain matrix system. (155329)

Land Registry is empowered by primary legislation under the Land Registration Act 2002 to create the Chain Matrix as the system by which e-conveyancing, a statutory service, is accessed. As such, Land Registry is not obliged to offer alternative methods of access or service delivery. Chain Matrix itself, however, is not a unique product within the market as there are other types of electronic property sale tracking systems operating at present. As such, the monopoly question does not apply.