Insert the following rule after rule 151—
Discharge otherwise than in documentary form
(151A)
(1) During the currency of a notice given pursuant to paragraph (2), and subject to and in accordance with the limitations contained in such notice, notification of
(a) the discharge of or
(b) the release of part of the land from
a registered charge over one or more registered titles may be delivered to the Registrar otherwise than in documentary form.
(2) If the Registrar is satisfied that adequate arrangements have been made or will be made for the registered proprietor of a registered charge to deliver to the Registrar the notification specified in paragraph (1), he may, in such manner as he considers appropriate for informing persons who may wish to use the arrangement, give notice to that effect specifying the class or classes of case covered by those arrangements.
(3) A notice given under paragraph (2) may specify the class or classes of case covered by the notice by limiting them:
(i) to notification delivered by a particular person specified by name or category;
(ii) to particular types or classes of applications;
(iii) to notification received between specified hours and on specified days (which need not be those between or on which the Registry is open to the public);
(iv) to notification which includes specified information presented in a specified manner.
(4) Subject to paragraphs (5) and (6), a notice given pursuant to paragraph (2) shall be current from the time specified in the notice until the time, if any, specified in the notice, or if no expiry date is specified in the notice, indefinitely.
(5) A notice given pursuant to paragraph (2) may from time to time be varied, suspended, withdrawn, renewed or replaced by a further notice.
(6) If and so long as, owing to the breakdown or other unavailability of facilities or data involved in giving effect to the arrangements made for dealing with applications covered by a notice given under paragraph (1), such arrangements cease, in whole or in part, to be effective, the notice shall cease, to the necessary extent, to be treated as current notwithstanding the absence of a variation, suspension or withdrawal thereof under paragraph (5).
(7) Notification of discharge or release of part given in accordance with paragraph (1) shall be treated as having the same effect as a discharge in Form DS1, or Form DS3 as the case may be, executed in accordance with rule 151 by or on behalf of the person who has delivered it to the Registrar, and once it has been so delivered it shall continue to be so treated even if the notice given under paragraph (2) is subsequently varied, suspended, withdrawn or replaced.