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4(1)The Trustee Investments Act 1961 is amended as follows.
(2)Sections 1, 2, 5, 6, 12, 13 and 15 are repealed except in so far as they are applied by or under any other enactment.
(3)Section 3 and Schedules 2 and 3 are repealed, except in so far as they relate to a trustee having a power of investment conferred under an enactment—
(a)which was passed before the passing of the Trustee Investments Act 1961, and
(b)which is not amended by this schedule.
(4)Section 8 and paragraph 1(2) of Schedule 4 are repealed.
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