SCHEDULES

SCHEDULE 3 Transitional provisions and savings

The Cathedrals Measure 1963 (No.2)

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While section 21 of the Cathedrals Measure 1963 (investment powers, etc. of capitular bodies) continues to apply in relation to any cathedral, that section shall have effect as if—

(a)

in subsection (1), for paragraph (c) and the words from “and the powers” to the end of the subsection there were substituted—

“(c)

power to invest in any investments in which trustees may invest under the general power of investment in section 3 of the Trustee Act 2000 (as restricted by sections 4 and 5 of that Act).”,

and

(b)

in subsection (5), for “subsections (2) and (3) of section six of the Trustee Investments Act 1961” there were substituted “ section 5 of the Trustee Act 2000 ”.