# Church Funds Investment Measure 1958, Section 5: Jurisdiction of . . . Charity Commissioners.


(1) In the adminstration of an Investment Fund or of a Deposit Fund the Central Board shall enjoy the same exemption from the powers and jurisdiction of . . . the Board of Charity Commissioners for England and Wales as it would enjoy if it had been one of the bodies exempted by section sixty-two of the Charitable Trusts Act 1853 from the operation of that Act.
(2) A contribution to or a withdrawal from an Investment Fund (whether or not involving a transfer of land or any interest therein) or a deposit in or withdrawal from a Deposit Fund, being a contribution deposit or withdrawal made in respect of a fund to which this Measure applies, shall not require the consent or direction of . . . the Board of Charity Commissioners for England and Wales . . .
(3) Save as aforesaid nothing in this Measure or in the Scheduled Scheme shall affect any power or jurisdiction of the . . . Board of Charity Commissioners.

---
Source: https://www.legislation.gov.uk/ukcm/Eliz2/6-7/1/section/5 (the official version)
Page: https://openlegislation.uk/church-funds-investment-measure-1958/section-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.