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The Trustee Investments (Additional Powers) Order 1982

S.I. 1982/1086 · Made 30 July 1982

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TRUSTEES

Made 30th July 1982

Laid before Parliament 9th August 1982

Coming into Operation 31st August 1982

At the court at Buckingham Palace, the 30th day of July 1982

Present,

The Queen's Most Excellent Majesty in Council

Her Majesty, in exercise of the powers conferred upon Her by section 12 of the Trustee Investments Act 1961 and of all other powers enabling Her in that behalf, is pleased, by and with the advice of Her Privy Council, to order, and it is hereby ordered, as follows:—

Contents

  1. 1Article 1
  2. 2Article 2
  3. Signature
  4. Explanatory note

1

This Order may be cited as the Trustee Investments (Additional Powers) Order 1982, and shall come into operation on 31st August 1982.

2

The powers of investment conferred by section 1 of the Trustee Investments Act 1961 shall be extended by adding National Savings Income Bonds to paragraph 1 of Part I of the First Schedule thereto.

Signature

N. E. Leigh

Clerk of the Privy Council

Explanatory note

This Order adds National Savings Income Bonds to the list of “Narrower-Range Investments not Requiring Advice” set out in Part I of Schedule 1 to the Trustee Investments Act 1961.