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3.—(1) Until such time as section 11(9) of the Charities Act 2006 is brought into force for the purposes of inserting paragraphs (a) and (b) of Note 1 at the end of Schedule 2 to the 1993 Act(1), regulation 2 has effect subject to the following modifications.
(2) The references in regulation 2(1) to an exempt charity or institution which is included in paragraph (a) of Schedule 2 to the 1993 Act are to be treated as references to an exempt charity or institution (as the case may be) which—
(a)is included in that paragraph of that Schedule; but
(i)an Investment Fund or Deposit Fund within the meaning of the Church Funds Investment Measure 1958(2); or
(ii)an investment fund or deposit fund within the meaning of the Methodist Church Funds Act 1960(3).
Note 1 to Schedule 2 to the Charities Act 1993 was inserted by section 11(9) of the Charities Act 2006.
1958 No 1. The 1958 Measure was amended by the Charities Act 1960 (c.58), Schedule 7; by S.I. 1964/490; by the Government Trading Act 1990 (c.30), Schedule 2; by the Church of England (Miscellaneous Provisions) Measure 1995 (1995 No 2), the Schedule; by the Church of England (Miscellaneous Provisions) Measure 2000 (2000 No 1), section 14; by the Trustee Act 2000 (c.29), Schedule 2, paragraph 52; by the Charities Act 2006, Schedule 8, paragraph 40 (paragraph 40 of Schedule 8 to the 2006 Act is not yet in force).
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