OpenLegislation

The Trustee Investments (Additional Powers) Order 1995

S.I. 1995/768 · Made 15 March 1995

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 15th March 1995

Laid before Parliament 27th March 1995

Coming into force 18th April 1995

At the Court at Buckingham Palace, the 15th day of March 1995

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 by section 2(2) of the European Communities Act 1972f2, 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.

f2

1972 c. 68.

Contents

  1. 1Citation and commencement
  2. 2Liechtenstein to be a relevant state
  3. 3Minor amendment
  4. Signature
  5. Explanatory note

1Citation and commencement

This Order may be cited as the Trustee Investments (Additional Powers) Order 1995 and shall come into force on 18th April 1995.

2Liechtenstein to be a relevant state

In the definition of “relevant state”f1, in paragraph 4 of Part IV of Schedule 1 to the Trustee Investments Act 1961, “Liechtenstein,” shall be inserted after “Iceland,”.

3Minor amendment

In paragraph 10A(b)(i)f1 of Part II of Schedule 1 to the Trustee Investments Act 1961, “or of any other country or territory” shall be substituted for “or elsewhere”.

Signature

N. H. Nicholls

Clerk of the Privy Council

Explanatory note

(This note is not part of the Order)

This Order amends Schedule 1 to the Trustee Investments Act 1961 in two respects. Following the coming into force in relation to Liechtenstein of the European Economic Area Agreement, it adds Leichtenstein to the list of relevant states in Part IV of Schedule 1, thus extending the range of securities set out in Parts II and III. It also makes a minor amendment to the definition of a gilt unit trust scheme in Part II of Schedule 1.