Written statement to Parliament

Nuclear Liabilities Financing Assurance Board Triennial Review

This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

Michael Fallon announces the Nuclear Liabilities Financing Assurance Board (NLFAB) Triennial Review.

The Rt Hon Sir Michael  Fallon MP

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.

Published 10 October 2013