Charities Act 2011

“Exempt charity” and common investment and deposit funds E+W

2 (1) Sub-paragraph (2) applies if— E+W

(a) section 11(10) of the 2006 Act (amendment of section 24(8) of the 1993 Act), and

(b) paragraph 173(3)(a) of Schedule 8 to the 2006 Act (amendment of definition of “exempt charity” in section 96(1) of the 1993 Act),

have not been brought into force before the commencement of this Act.

(2) Subsection (3) of—

(a) section 99 (further provisions relating to common investment schemes and funds), and

(b) section 103 (further provisions relating to common deposit schemes and funds),

has effect until the relevant commencement date as if at the end of the subsection there were inserted “; and if the scheme admits only exempt charities, the fund is an exempt charity for the purposes of this Act”.