Regulation 8 Disapplication: other
(1)
This regulation applies where a direction containing an instruction under regulation 3(2) is given by the Secretary of State.
(2)
No act or omission of the trustee company, AWE PLC or another person done in good faith in connection with a direction under these Regulations is a breach of any rule of law, including any trust law or fiduciary duties.
(3)
For the purposes of paragraph (2), any rule of law includes—
(a)
the duty to act with prudence;
(b)
the duty to invest scheme assets in the best financial interests of scheme beneficiaries;
(c)
the duty to promote the purposes of the trust;
(d)
the duty to act in accordance with the provisions of the AWE Trust Deed and Rules.