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The Trustee Investments (Additional Powers) Order 1982
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Statutory Instruments
1982 No. 1086
TRUSTEES
The Trustee Investments (Additional Powers) Order 1982
Made
30th July 1982
Laid before Parliament
9th August 1982
Coming into Operation
31st August 1982
At the court at Buckingham Palace, the 30th day of July 1982
Present,
The Queen's Most Excellent Majesty in Council
Her Majesty, in exercise of the powers conferred upon Her by section 12 of the Trustee Investments Act 1961 and of all other powers enabling Her in that behalf, is pleased, by and with the advice of Her Privy Council, to order, and it is hereby ordered, as follows:—
1. This Order may be cited as the Trustee Investments (Additional Powers) Order 1982, and shall come into operation on 31st August 1982.
2. The powers of investment conferred by section 1 of the Trustee Investments Act 1961 shall be extended by adding National Savings Income Bonds to paragraph 1 of Part I of the First Schedule thereto.
N. E. Leigh
Clerk of the Privy Council
EXPLANATORY NOTE
This Order adds National Savings Income Bonds to the list of “Narrower-Range Investments not Requiring Advice” set out in Part I of Schedule 1 to the Trustee Investments Act 1961.
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