(1) Where -
(a) the Minister proposes to make an order under section 2 of the Trustee (Authorised Investments) Act, 1958, for the purpose of varying the investments specified in section 1 of the Trustee Act, 1893 (as amended by or under the said Act of 1958) by the deletion therefrom of an interest bearing deposit account with any body (whether incorporated or not) specified therein (hereinafter in this section referred to as "the relevant body"), and
(b) the Minister has, if relevant, consulted and received the consent to the making of an order of any supervisory authority concerned, and
(c) at least one of the events specified in subsection (2) has occurred in respect of the relevant body,
then the provisions of subsections (2) and (3) of section 2 of the said Act of 1958 shall not apply.
(2) The events to which subsection (1)(c) relates are that in respect of a relevant body -
(a) where the carrying on of any business involving interest bearing deposit accounts requires the rel