Part 13Powers to amend trusts and use capital

Supplementary

285Power to alter sums F1etc specified in this Part

(1)

The F2Secretary of State may by order amend any provision listed in subsection (2)—

(a)

by substituting a different sum for the sum for the time being specified in that provision, F3...

F3(b)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(2)

The provisions are—

  • F4...

  • F5...

  • section 282(1) (F6adjusted market value and market value of fund for purposes of resolution to spend larger fund F7...).

F8(3)

The Secretary of State may by regulations amend—

(a)

the period of time specified in section 284A(2)(b), or

(b)

the multiplier in the formula set out in section 284B(1),

so as to substitute a different time period or multiplier (as the case may be) for the period or multiplier for the time being specified in that provision.