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The registration of point clouds in a three-dimensional space is an important task in many areas of computer vision, including robotics and autonomous driving. The purpose of registration is to find a rigid geometric transformation to align two point clouds. The registration problem can be affected by noise and partiality (two point clouds only have a partial overlap). The Iterative Closed Point (ICP) algorithm is a common method for solving the registration problem. Recently, artificial neural networks have begun to be used in the registration of point clouds. The drawback of ICP and other registration algorithms is the possible convergence to a local minimum. Thus, an important characteristic of a registration algorithm is the ability to avoid local minima. In this paper, we propose an ICP-type registration algorithm (λ -ICP) that uses a multiparameter functional (λ -functional). The proposed λ -ICP algorithm generalizes the NICP algorithm (normal ICP). The application of the λ -functional requires a consistent choice of the eigenvectors of the covariance matrix of two point clouds. The paper also proposes an algorithm for choosing the directions of eigenvectors. The performance of the proposed λ -ICP algorithm is compared with that of a standard point-to-point ICP and neural network Deep Closest Points (DCP). [ABSTRACT FROM AUTHOR]