Nuclear Liabilities Financing Assurance Board (Triennial Review)

Michael Fallon Excerpts

Thursday 10th October 2013 Written Statements

[The Minister of State, Department of Energy and Climate Change (Michael Fallon)]

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.