SCHEDULE 3Powers of trustees: consequential amendments

I14Trustee Investments Act 1961 (c. 62)

1

The Trustee Investments Act 1961 is amended as follows.

2

Sections 1, 2, 5, 6, 12, 13 and 15 are repealed except in so far as they are applied by or under any other enactment.

3

Section 3 and Schedules 2 and 3 are repealed, except in so far as they relate to a trustee having a power of investment conferred under an enactment—

a

which was passed before the passing of the Trustee Investments Act 1961, and

b

which is not amended by this schedule.

4

Section 8 and paragraph 1(2) of Schedule 4 are repealed.