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The Charities (Clergy Orphan Corporation) Order 1997

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7.  Where the Trustee makes any delegation under this Scheme it shall do so on terms that:

(a)the Investment Manager shall comply with the terms of his delegated authority;

(b)the Investment Manager shall not do anything which the Trustee does not have power to do;

(c)the Trustee may with reasonable notice revoke the delegation or vary any of its terms in a way which is consistent with the terms of this Scheme; and

(d)the Trustee shall give directions to the Investment Manager as to the manner in which he is to report to it all sales and purchases of investments made on its behalf.

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