(1) The Lord Chancellor may by rules made with the advice and assistance of the Rule Committee make provision—
(a) for enabling the registrar, in such circumstances and subject to such conditions as may be specified in the rules, to declare any area of land to be subject to a souvenir land scheme if the registrar is satisfied that the land comprised in that area consists wholly or mainly of land which has been or is proposed to be disposed of (by way of sale or otherwise) in souvenir plots or of which part has been, and the remainder is proposed to be, so disposed of;
(b) with respect to the cancellation of declarations and the extension or reduction of the area to which any declaration relates;
(c) for authorising or requiring the registrar not to accept applications under the Land Registration Act 1925 relating to souvenir land or cautions or other documents relating to such land;
(d) for excepting souvenir land from the operation of sections 123 and 123A of that Act (compulsory registration);
(e) for securing that transactions relating to souvenir land which is registered land take effect as if the souvenir land in question were not registered land; and
(f) generally for modifying or excluding in relation to souvenir land the operation of any provision contained in the Land Registration Acts 1925 to 1966 or any general rules thereunder.
(2) Rules under this section may include such supplemental, consequential or incidental provision as may appear to the Lord Chancellor to be necessary or expedient for the purposes of the rules, and may make different provision for souvenir land in general and souvenir land so far as it consists or does not consist of souvenir plots, and for other different circumstances.
(3) The power to make rules under this section shall be exercisable by statutory instrument, and a statutory instrument containing any such rules shall be laid before Parliament after being made.
(4) Section 131 of the Land Registration Act 1925 (indemnity to officers of registry) shall apply in relation to rules made under this section as it applies in relation to general rules made in pursuance of that Act.
(5) For the purposes of this section—
“ declaration ” means a declaration by the registrar, made in pursuance of rules under this section made by virtue of subsection (1)( a ) above, that an area of land is subject to a souvenir land scheme;
“ souvenir land ” means land situated within an area in respect of which a declaration is for the time being in force;
“ souvenir plot ” means any piece of land which, being of inconsiderable size and little or no practical utility, is unlikely to be wanted in isolation except for the sake of pure ownership or for sentimental reasons or commemorative purposes.