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					<dc:identifier>http://www.legislation.gov.uk/ukpga/2009/18/section/16</dc:identifier><dc:title>Perpetuities and Accumulations Act 2009</dc:title><dc:description>An Act to amend the law relating to the avoidance of future interests on grounds of remoteness and the law relating to accumulations of income.</dc:description><dc:type>text</dc:type><dc:format>text/xml</dc:format><dc:language>en</dc:language><dc:publisher>Statute Law Database</dc:publisher><dc:modified>2015-10-13</dc:modified><dc:contributor>Expert Participation</dc:contributor><dct:valid>2010-04-06</dct:valid>
					
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									<ukm:Notes><ukm:Note IdURI="http://www.legislation.gov.uk/id/ukpga/2009/18/section/16/notes" DocumentURI="http://www.legislation.gov.uk/ukpga/2009/18/section/16/notes"/><ukm:Alternatives><ukm:Alternative Date="2009-12-10" URI="http://www.legislation.gov.uk/ukpga/2009/18/pdfs/ukpgaen_20090018_en.pdf" Title="Explanatory Note"/></ukm:Alternatives>       
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				</ukm:Metadata><Primary xmlns:leg="http://www.legislation.gov.uk/namespaces/legislation"><Body DocumentURI="http://www.legislation.gov.uk/ukpga/2009/18/body" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/18/body" NumberOfProvisions="24" RestrictStartDate="2010-04-06"><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/2009/18/crossheading/application-of-statutory-provisions" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/18/crossheading/application-of-statutory-provisions" NumberOfProvisions="2" id="crossheading-application-of-statutory-provisions" RestrictStartDate="2010-04-06"><Title><Emphasis>Application of statutory provisions</Emphasis></Title><P1group RestrictStartDate="2010-04-06"><Title>Limitation of 1964 Act to existing instruments</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/18/section/16" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/18/section/16" id="section-16"><Pnumber PuncAfter=""><CommentaryRef Ref="key-a8cf0276f35e3ac0b2a65e29fc6bd503"/>16</Pnumber><P1para><Text>In section 15 of the Perpetuities and Accumulations Act 1964 (c. 55) the following subsections are inserted after subsection (5) (which makes provision as to the instruments to which the Act applies)—</Text><BlockAmendment TargetClass="primary" TargetSubClass="unknown" Context="main" Format="default"><P2><Pnumber>5A</Pnumber><P2para><Text>The foregoing sections of this Act shall not apply in relation to an instrument taking effect on or after the day appointed under section 22(2) of the Perpetuities and Accumulations Act 2009 (commencement), but this shall not prevent those sections applying in relation to an instrument so taking effect if—</Text><P3><Pnumber>a</Pnumber><P3para><Text>it is a will executed before that day, or</Text></P3para></P3><P3><Pnumber>b</Pnumber><P3para><Text>it is an instrument made in the exercise of a special power of appointment, and the instrument creating the power took effect before that day.</Text></P3para></P3></P2para></P2><P2><Pnumber>5B</Pnumber><P2para><Text>Subsection (5A) above shall not affect the operation of sections 4(6) and 11(2) above.</Text></P2para></P2></BlockAmendment></P1para></P1></P1group></Pblock></Body></Primary><Commentaries><Commentary id="key-a8cf0276f35e3ac0b2a65e29fc6bd503" Type="I"><Para><Text><CitationSubRef SectionRef="section-16" URI="http://www.legislation.gov.uk/id/ukpga/2009/18/section/16" id="cxbvv5mf1-00043">S. 16</CitationSubRef> in force at 6.4.2010  by <Citation URI="http://www.legislation.gov.uk/id/uksi/2010/37" Class="UnitedKingdomStatutoryInstrument" Year="2010" Number="37" Title="Perpetuities and Accumulations Act 2009 (Commencement) Order 2010" id="cxbvv5mf1-00044">S.I. 2010/37</Citation>, <CitationSubRef SectionRef="article-2" URI="http://www.legislation.gov.uk/id/uksi/2010/37/article/2" CitationRef="cxbvv5mf1-00044" Operative="true" id="cxbvv5mf1-00045">art. 2</CitationSubRef></Text></Para></Commentary></Commentaries></Legislation>