# The Charities (The Peabody Donation Fund) Order 1997, Paragraph 3: Investment advice


(a) The Governors shall arrange that the investments (including land) are at all times kept under review by one or more investment experts and other professional advisers who shall be instructed and required to undertake to inform the Governors promptly of any changes in investments which appear to them to be desirable except to the extent that the Governors have exercised power of delegation conferred by paragraph 5 of this Schedule.
(b) No investment other than one which is for the time being a narrow range investment within the meaning of the Trustee Investments Act 1961 shall be made by the Governors except on the advice of an Investment Expert.

---
Source: https://www.legislation.gov.uk/uksi/1997/1711/schedule/1/paragraph/3 (the official version)
Page: https://openlegislation.uk/charities-the-peabody-donation-fund-order-1997/schedule-1/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.