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Part 4SGeneral and supplementary

96Power of charity to participate in certain financial schemesS

(1)Every charity has power to participate in common investment schemes and common deposit schemes.

(2)Subsection (1) does not apply where a charity's constitution excludes such participation by referring specifically to common investment schemes or, as the case may be, common deposit schemes.

(3)In this section, “common investment scheme” and “common deposit scheme” have the meanings given to those expressions in [F1sections 96 and 100 of the Charities Act 2011].

Textual Amendments

F1Words in s. 96(3) substituted (14.3.2012) by Charities Act 2011 (c. 25), s. 355, Sch. 7 para. 108 (with s. 20(2), Sch. 8)

Commencement Information

I1S. 96 in force at 27.2.2007 by S.S.I. 2007/117, art. 2(1)