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The Trustee Investments (Additional Powers) Order 1991

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Statutory Instruments

1991 No. 999

TRUSTEES

The Trustee Investments (Additional Powers) Order 1991

Made

16th April 1991

Laid before Parliament

24th April 1991

Coming into force

15th May 1991

At the Court at Windsor Castle, the 16th Day of April 1991

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 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:–

1.  This Order may be cited as the Trustee Investments (Additional Powers) Order 1991 and shall come into force on 15th May 1991.

2.  The powers of investment conferred by section 1 of the Trustee Investments Act 1961 shall be extended by adding to Part IIof the First Schedule thereto the manner of investment which would be included therein if the said Part II were amended by adding the words “the European Bank for Reconstruction and Development,” after the words “the Caribbean Development Bank” in paragraph 5(2)and after the words “the European Atomic Energy Community” in paragraph 5B(3).

G. I. de Deney

Clerk of the Privy Council

Explanatory Note

(This Note is not part of the Order)

This Order adds fixed interest securitiesand variable interest securities issued in the United Kingdom by the European Bank for Reconstructionand Development to the list of narrower-range investments requiring advice set out in Part IIof the First Schedule to the Trustee Investments Act 1961.

(2)

.Paragraph 5 of Part II was amended by S.I. 1964/1404, 1972/1818and 1983/772.

(3)

Paragraph 5B of Part IIwas added by S.I. 1983/772.

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