# Trustee Investments Act 1961, Paragraph 10A

Extent: E+W+S+N.I.

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—
(a) to invest at least 90% of the property of the scheme in loan stock, bonds or other instruments creating indebtedness which—
(i) are transferable; and
(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;
(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.
Sub-paragraphs (a) and (b) must be read with—
(i)section 22 of the Financial Services and Markets Act 2000;
(ii)any relevant order under that section; and
(iii)Schedule 2 to that Act.

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Source: https://www.legislation.gov.uk/ukpga/Eliz2/9-10/62/schedule/FIRST/paragraph/10A (the official version)
Page: https://openlegislation.uk/trustee-investments-act-1961/schedule-FIRST/paragraph-10A
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.