# Trustee Act 2000, Section 38: Common investment schemes for charities etc.


Parts II to IV do not apply to—
(a) trustees managing a fund under a common investment scheme made, or having effect as if made, under section 96 of the Charities Act 2011, other than such a fund the trusts of which provide that property is not to be transferred to the fund except by or on behalf of a charity the trustees of which are the trustees appointed to manage the fund, or
(b) trustees managing a fund under a common deposit scheme made, or having effect as if made, under section 100 of that Act.

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Source: https://www.legislation.gov.uk/ukpga/2000/29/section/38 (the official version)
Page: https://openlegislation.uk/trustee-act-2000/section-38
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.