Trustee Investments (Additional Powers) (No. 2) Order 1983

JurisdictionUK Non-devolved
CitationSI 1983/1525
Year1983

1983 No. 1525

TRUSTEES

The Trustee Investments (Additional Powers) (No. 2) Order 1983

Made 19th October 1983

Laid before Parliament 27th October 1983

Coming into Operation 17th November 1983

At the Court at Buckingham Palace, the 19th day of October 1983

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 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:—

S-1 Citation and commencement

Citation and commencement

1. This Order may be cited as the Trustee Investments (Additional Powers) (No. 2) Order 1983 and shall come into operation on 17th November 1983.

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

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

2. The powers of investment conferred by section 1 of the Trustee Investments Act 1961 shall be extended by adding National Savings Deposit Bonds to paragraph 1 of Part I of the First Schedule thereto1;

N.E. Leigh

Clerk of the Privy Council

EXPLANATORY NOTE

This Order adds National Savings Deposit Bonds to the list in Part I of the First Schedule to the Trustee Investments Act 1961 of narrower range investments not requiring advice.


(1) Previous additions have been made to paragraph I of Part I by S.I. 1962/2611, 1964/703, 1968/470, 1977/831 and 1982/1086.

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT