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The Trustee Investments (Additional Powers) Order 1988

S.I. 1988/2254 · Made 21 December 1988

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

TRUSTEES

Made 21st December 1988

Laid before Parliament 6th January 1989

Coming into force 27th January 1989

At the Court at Buckingham Palace, the 21st day of December 1988

Present,

The Queen’s Most Excellent Majesty in Council

Her Majesty, in exercise of the powers conferred on Her by section 12 of the Trustee Investments Act 1961f1, 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:

Annotations to the whole text

Footnotes

f1

1961 c. 62.

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 1988, and shall come into force on 27th January 1989.

2

The powers of investment conferred by section 1 of the Trustee Investments Act 1961 shall be extended by adding National Savings Capital Bonds to paragraph 1 of Part I of the First Schedule theretof1.

Signature

G. I. de Deney

Clerk of the Privy Council

Explanatory note

(This note is not part of the Order)

This Order adds National Savings Bonds to the list of narrower-range investments not requiring advice, set out in Part I of the First Schedule to the Trustee Investment Act 1961.