Part 4General and supplementary

I196Power of charity to participate in certain financial schemes

1

Every charity has power to participate in common investment schemes and common deposit schemes.

2

Subsection (1) does not apply where a charity's constitution excludes such participation by referring specifically to common investment schemes or, as the case may be, common deposit schemes.

3

In this section, “common investment scheme” and “common deposit scheme” have the meanings given to those expressions in F1sections 96 and 100 of the Charities Act 2011.