(1)Without prejudice to the powers conferred by the M1International Organisations Act 1968 or any other Act, Her Majesty may by Order in Council make such provision as She may consider reasonably necessary for carrying into effect any of the provisions of the Articles of Agreement of the International Monetary Fund relating to the status, immunities and privileges of the Fund and its governors, executive directors, alternates, officers and employees, or as to the unenforceability of exchange contracts.
(2)Subject to subsection (3) below, Orders in Council made under this section may be so made as to extend to any of the Channel Islands, the Isle of Man, any colony and, to the extent that Her Majesty has jurisdiction there, to any country outside Her Majesty’s dominions in which Her Majesty has jurisdiction in right of the Government of the United Kingdom.
(3)If, whether before or after the coming into force of this Act, effect is given by or under the law of any part of Her Majesty’s dominions or other territory to the provisions of the Articles of Agreement of the International Monetary Fund specified in subsection (1) above, no Order in Council made under this section shall extend to that part of Her Majesty’s dominions or other territory as respects any period as respects which effect is so given to those provisions.
Marginal Citations