If you don't like the UK system we can always move to the system that they use in the US for com and net domains where any Tom Dick or Harry can open an account with a registrar, sell a few domains to unsuspecting buyers and then at any point in the future change the ownership/admin/billing details back to themselves via the registrars wholesale control panel.
I don't like the transfer fees or the paper that we have in the UK but lets make sure we've got a system that protects the registrant before we dump the current system.