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 ”.