- Interoperability: interoperability issues will need to be addressed to ensure that users are able to connect to the central system from a range of different software platforms;
- Network access agreements: agreements will need to be put in place for those accessing the system in order to ensure appropriate levels of security.
- Security issues: as so much is at stake and because the conveyancing process has always been a target for fraud, security will be paramount. Safeguards will need to be built in to prevent unauthorised access -- and to ensure that any breaches are detected rapidly -- and to ensure that those with access use the system only for properly authorised purposes. The technology will need to provide a clear audit trail to make it clear who does what, and when. Filters and firewalls will be needed to prevent hacking as far as possible. Users of the system, e.g. conveyancing firms, will need to follow appropriate security procedures.
- Electronic signatures and digital certificates: electronic signatures and digital certificates are among the options considered to make electronic documents secure. At this stage it is envisaged that secure e-signatures based on public key infrastructure (PKI) will be used, however the consultation seeks views on suitable alternatives. The document also seeks views on the use of certification to ensure authenticity of e-conveyancing documents. Online conveyancing offers a significant opportunity to boost the more widespread use of e-signatures.
- Electronic funds transfer: speeding up the transfer of funds is an important element of the proposed new system. The consultation considers the scope of such a system (i.e. whether it should be capable of dealing with all the payments which change hands during the course of a conveyancing transaction, including stamp duty, land registry fees and solicitors' fees) or simply the transfer of the mortgage/sale proceeds from lender to buyer and then to the seller. It also looks at the options for electronic funds transfer based on systems already in existence such as CHAPS and CREST. Timescale
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