{
  "url": "https://openlegislation.uk/trustee-investments-act-1961/schedule-FIRST/paragraph-10A",
  "json_url": "https://openlegislation.uk/trustee-investments-act-1961/schedule-FIRST/paragraph-10A.json",
  "legislation": "ukpga/Eliz2/9-10/62",
  "legislation_title": "Trustee Investments Act 1961",
  "legislation_url": "https://openlegislation.uk/trustee-investments-act-1961",
  "path": "schedule/FIRST/paragraph/10A",
  "kind": "paragraph",
  "number": "10A",
  "heading": null,
  "text": "In any units of a gilt unit trust scheme. A gilt unit trust scheme is an authorised unit trust scheme, or a recognised scheme, the objective of which is—\n(a) to invest at least 90% of the property of the scheme in loan stock, bonds or other instruments creating indebtedness which—\n(i) are transferable; and\n(ii) are issued or guaranteed by the government of the United Kingdom or of any other country or territory, by a local authority in the United Kingdom or in a relevant state, or by an international organisation the members of which include the United Kingdom or a relevant state;\n(b) to invest the remainder of the property of the scheme in shares, debentures or other instruments creating or acknowledging indebtedness, certificates representing securities or units in a collective investment scheme.\nSub-paragraphs (a) and (b) must be read with—\n(i)section 22 of the Financial Services and Markets Act 2000;\n(ii)any relevant order under that section; and\n(iii)Schedule 2 to that Act.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Sch. 1 Pt. II para. 10A substituted (1.12.2001) by S.I. 2001/3649, arts. 1, 269(2)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/Eliz2/9-10/62/schedule/FIRST/paragraph/10A",
    "retrieved_at": "2026-11-05T03:40:09.020529+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}