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The Charities and Trustee Investment (Scotland) Act 2005 (Commencement No. 4) Order 2007

S.S.I. 2007/117 · Made 26 February 2007

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

CHARITIES

Made 26th February 2007

The Scottish Ministers, in exercise of the powers conferred by sections 103(2) and 107(2) of the Charities and Trustee Investment (Scotland) Act 2005f1, and of all other powers enabling them in that behalf, hereby make the following Order:

Annotations to the whole text

Footnotes

f1

2005 asp 10.

Contents

  1. 1Citation and interpretation
  2. 2Commencement of Provisions
  3. Signature
  4. Explanatory note

1Citation and interpretation

(1)

This Order may be cited as the Charities and Trustee Investment (Scotland) Act 2005 (Commencement No. 4) Order 2007.

(2)

In this Order “the Act” means the Charities and Trustee Investment (Scotland) Act 2005.

2Commencement of Provisions

(1)

Section 96 of the Act shall come into force on 27th February 2007.

(2)

Section 39, so far as not already in force and section 40, 41 and 42 of the Act shall come into force on 31st May 2007.

Signature

RHONA BRANKIN

A member of the Scottish Executive

St Andrew’s House,

Edinburgh

26th February 2007

Explanatory note

(This note is not part of the Order)

This Order brings into force on 31st May 2007 section 39 so far as not already in force and sections 40, 41 and 42 of the Charities and Trustee Investment (Scotland) Act 2005 (“the 2005 Act”). Sections 39 to 42 allow charities to apply to the Scottish Charity Regulator (“OSCR”) to reorganise and allow OSCR to apply to the Court of Session for approval to reorganise a charity.

This Order also brings into force section 96 of the 2005 Act on 27th February 2007. Section 96 provides that charities have the power to participate in common investment schemes and common deposit schemes, unless their constitution prevents it.