Part 13F6Powers to amend trusts and use capital

Annotations:
Amendments (Textual)
F6

Pt. 13 heading substituted (14.6.2023) by Charities Act 2022 (c. 6), s. 41(4), Sch. 2 para. 19; S.I. 2023/643, Sch. para. 20(e)

Supplementary

285Power to alter sums F7etc specified in this Part

1

The F1Secretary of State may by order amend any provision listed in subsection (2)—

a

by substituting a different sum for the sum for the time being specified in that provision, F3...

F3b

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2

The provisions are—

  • F8...

  • F9...

  • section 282(1) (F4adjusted market value and market value of fund for purposes of resolution to spend larger fund F5...).

F23

The Secretary of State may by regulations amend—

a

the period of time specified in section 284A(2)(b), or

b

the multiplier in the formula set out in section 284B(1),

so as to substitute a different time period or multiplier (as the case may be) for the period or multiplier for the time being specified in that provision.

286Effect of provisions relating to vesting or transfer of property

No vesting or transfer of any property in pursuance of any provision of this Part operates as a breach of a covenant or condition against alienation or gives rise to a forfeiture.