# The Trustee Investments (Division of Trust Fund) Order 1996, Note: Explanatory note


(This note is not part of the Order)
This Order, which extends to England and Wales and Scotland, contains a direction by H. M. Treasury that the prescribed proportion under section 13(1) of the Trustee Investments Act 1961 shall be a proportion of three to one, with the result that any division of a trust fund under section 2(1) of that Act is to be made so that the value of the wider-range part of the fund, instead of being equal to the value of the narrower-range part of the fund as required by section 2, is three times that value.

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Source: https://www.legislation.gov.uk/uksi/1996/845/note (the official version)
Page: https://openlegislation.uk/trustee-investments-division-of-trust-fund-order-1996/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.