SCHEDULES
SCHEDULE 3Transitional provisions and savings
The Cathedrals Measure 1963 (No.2)
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While section 21 of the Cathedrals Measure 1963 (investment powers, etc. of capitular bodies) continues to apply in relation to any cathedral, that section shall have effect as if—
a
in subsection (1), for paragraph (c) and the words from “and the powers” to the end of the subsection there were substituted—
c
power to invest in any investments in which trustees may invest under the general power of investment in section 3 of the Trustee Act 2000 (as restricted by sections 4 and 5 of that Act).
b
in subsection (5), for “subsections (2) and (3) of section six of the Trustee Investments Act 1961” there were substituted “section 5 of the Trustee Act 2000”.