[F17 An NHS trust shall have power to invest money held by it in any investments, including investments which do not produce income, specified in directions under section 17 of the principal Act; but nothing in this paragraph applies in relation to money held by an NHS trust as trustee]
Textual Amendments
F1Sch. 3 para. 7 substituted (1.9.1999 for E. and 1.4.2000 for W.) by 1999 c. 8, s. 65(1), Sch. 4 paras. 74, 84(3); S.I. 1999/2342, art. 2(1), Sch. 1; S.I. 2000/1026, art. 2(1), Sch.
[F28 Any direction under section 17 of the principal Act with respect to—
(a)the power conferred on an NHS trust by paragraph 1 above; or
(b)the maximum amount which an NHS trust may invest in any investments or class of investments,
may be given only with the consent of the Treasury.]
Textual Amendments
F2Sch. 3 para. 8 inserted (1.9.1999 for E. and 1.4.2000 for W.) by 1999 c. 8, s. 65(1), Sch. 4 paras. 74, 84(4); S.I. 1999/2342, art. 2(1), Sch. 1; S.I. 2000/1026, art. 2(1), Sch.