Statutory Instrument 1995 No. 768

The Trustee Investments (Additional Powers) Order 1995

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© Crown Copyright 1995

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1995 No. 768

TRUSTEES

The Trustee Investments (Additional Powers) Order 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 1961^[1], and by section 2(2) of the European Communities Act 1972^[2], 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:—

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

Liechtenstein to be a relevant state
    2.    In the definition of "relevant state"^[3], in paragraph 4 of Part IV of Schedule 1 to the Trustee Investments Act 1961, "Liechtenstein," shall be inserted after "Iceland,".

Minor amendment
    3.    In paragraph 10A(b)(i)^[4] 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".

N. H. Nicholls

Clerk of the Privy Council

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.

[1] 1961 c. 62. back

[2] 1972 c. 68. back

[3] The definition of "relevant state" was inserted by S.I. 1994/1908. back

[4] Paragraph 10A was amended by S.I. 1994/1908. back