(1)Any sums in the Fund which are not immediately required for any other purpose may be invested by the Trustees in accordance with this section.
(2)Sums directly or indirectly representing money paid into the Fund under section 2(1) [F1or (1A)] above may be invested in any manner approved by the Treasury; and the Trustees—
(a)shall not invest any amount available for investment which represents such money except with the consent of the Treasury; and
(b)shall, if the Treasury so require, invest any such amount specified by the Treasury in such manner as the Treasury may direct.
[F2(3)The trustees may invest any sums to which subsection (2) does not apply in any investments in which trustees may invest under general power of investment in section 3 of the Trustee Act 2000 (as restricted by sections 4 and 5 of that Act).]
Textual Amendments
F1Words in s. 6(2) inserted (21.12.1993) by 1993 c. 39, s. 36, Sch. 4 para. 5; S.I. 1993/2632, art. 3
F2S. 6(3) substituted (1.2.2001) by 2000 c. 29, s. 42(2), Sch. 2 Pt. II para. 39 (with ss. 35, 37, 38); S.I. 2001/49, art. 2