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(1)Subject to the provisions of this Part, the trustees of a trust may authorise any person to exercise any or all of their delegable functions as their agent.
(2)In the case of a trust other than a charitable trust, the trustees’ delegable functions consist of any function other than—
(a)any function relating to whether or in what way any assets of the trust should be distributed,
(b)any power to decide whether any fees or other payment due to be made out of the trust funds should be made out of income or capital,
(c)any power to appoint a person to be a trustee of the trust, or
(d)any power conferred by any other enactment or the trust instrument which permits the trustees to delegate any of their functions or to appoint a person to act as a nominee or custodian.
(3)In the case of a charitable trust, the trustees’ delegable functions are—
(a)any function consisting of carrying out a decision that the trustees have taken;
(b)any function relating to the investment of assets subject to the trust (including, in the case of land held as an investment, managing the land and creating or disposing of an interest in the land);
(c)any function relating to the raising of funds for the trust otherwise than by means of profits of a trade which is an integral part of carrying out the trust’s charitable purpose;
(d)any other function prescribed by an order made by the Secretary of State.
(4)For the purposes of subsection (3)(c) a trade is an integral part of carrying out a trust’s charitable purpose if, whether carried on in the United Kingdom or elsewhere, the profits are applied solely to the purposes of the trust and either—
(a)the trade is exercised in the course of the actual carrying out of a primary purpose of the trust, or
(b)the work in connection with the trade is mainly carried out by beneficiaries of the trust.
(5)The power to make an order under subsection (3)(d) is exercisable by statutory instrument which shall be subject to annulment in pursuance of a resolution of either House of Parliament.
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