Statutory Instruments
TRUSTEES
Made
15th March 1995
Laid before Parliament
27th March 1995
Coming into force
18th April 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:—
1. This Order may be cited as the Trustee Investments (Additional Powers) Order 1995 and shall come into force on 18th April 1995.
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,”.
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 note is not part of the Order)
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.