7E+WThe change, by virtue of the principal section, in the construction of—
(a)sections 164 to 166 of the M1Law of Property Act 1925;
(b)section 13(1) of the M2Perpetuities and Accumulations Act 1964,
(which lay down permissible periods for the accumulation of income under settlements and other dispositions) shall not invalidate any direction for accumulation in a settlement or other disposition made by a deed, will or other instrument which was made before the commencement date.