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The Trustee Investments (Additional Powers) Order 1994

S.I. 1994/265 · Made 8 February 1994

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 8th February 1994

Laid before Parliament 18th February 1994

Coming into force 11th March 1994

At the Court at Buckingham Palace, the 8th day of February 1994

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. 1Citation and commencement
  2. 2Addition to Part I of the First Schedule to the Trustee Investments Act 1961
  3. Signature
  4. Explanatory note

1Citation and commencement

This Order may be cited as the Trustee Investments (Additional Powers) Order 1994 and shall come into force on 11th March 1994.

2Addition to Part I of the First Schedule to the Trustee Investments Act 1961

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

Signature

N. H. Nicholls

Clerk of the Privy Council

Explanatory note

(This note is not part of the Order)

This Order adds National Savings Pensioners Guaranteed Income Bonds to the list of investments in Part I of the First Schedule to the Trustee Investments Act 1961. This Part of the Schedule sets out narrower-range investments that may be made by trustees without previously obtaining advice.