Nuclear Liabilities Financing Assurance Board (Triennial Review)

Thursday 10th October 2013

(11 years, 1 month ago)

Written Statements
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Michael Fallon Portrait The Minister of State, Department of Energy and Climate Change (Michael Fallon)
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I am today announcing the start of the Nuclear Liabilities Financing Assurance Board (NLFAB) triennial review.

Triennial reviews are part of the Government’s commitment to ensuring that non-departmental public bodies continue to have regular independent challenge.

The review will examine whether there is a continuing need for NLFAB’s function and its form and whether it should continue to exist at arm’s length from Government.

If there is evidence of a continued need for the body, the review will also examine whether NLFAB’s control and governance arrangements continue to meet the recognised principles of good corporate governance.

I will inform the House of the outcome of the review when it is completed.