Regulation 80

Charities Act (Northern Ireland) 1964

37. Until its repeal by the Charities Act (Northern Ireland) 2008 comes into force [2008 c. 12 (N.I.); see section 185 and paragraph 1 of Schedule 9.], section 25 of the Charities Act (Northern Ireland) 1964 [1964 c. 33 (N.I.).] (common investment schemes), has effect with the insertion after subsection (3) of the following -

"(3A) A common investment scheme may provide for appropriate bodies to be admitted to participate in the scheme (in addition to the participating charities) to such extent as the trustees appointed to manage the fund may determine.

(3B) In this section "appropriate body" means -

(a) a Scottish recognised body,

(b) an England and Wales charity, or

(c) any body of persons or trust that -

(i) is established in an EEA state other than the United Kingdom, and

(ii) is a charity as defined by paragraph 1 of Schedule 6 to the Finance Act 2010 [2010 c. 13.],

and, in the application of the relevant provisions in relation to a scheme which contains provisions authorised by subsection (3A), "charity" includes an appropriate body.

"The relevant provisions" are subsections (1), (4) to (7), (11) and (in relation only to a charity within paragraph (b)) subsection (12).