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Trustee Act 2000 (c. 29)Introductory TextPart I The Duty of Care (ss. 1-2)1. The duty of care2. Application of duty of carePart II Investment (ss. 3-7)3. General power of investment4. Standard investment criteria5. Advice6. Restriction or exclusion of this Part etc7. Existing trustsPart III Acquisition of Land (ss. 8-10)8. Power to acquire freehold and leasehold land9. Restriction or exclusion of this Part etc10. Existing trustsPart IV Agents, nominees and custodians (ss. 11-27)Agents (ss. 11-15)11. Power to employ agents12. Persons who may act as agents13. Linked functions etc14. Terms of agency15. Asset management: special restrictionsNominees and custodians (ss. 16-20)16. Power to appoint nominees17. Power to appoint custodians18. Investment in bearer securities19. Persons who may be appointed as nominees or custodians20. Terms of appointment of nominees and custodiansReview of and liability for agents, nominees and custodians etc. (ss. 21-23)21. Application of sections 22 and 2322. Review of agents, nominees and custodians etc23. Liability for agents, nominees and custodians etcSupplementary (ss. 24-27)24. Effect of trustees exceeding their powers25. Sole trustees26. Restriction or exclusion of this Part etc27. Existing trustsPart V Remuneration (ss. 28-33)28. Trustee's entitlement to payment under trust instrument29. Remuneration of certain trustees30. Remuneration of trustees of charitable trusts31. Trustees' expenses32. Remuneration and expenses of agents, nominees and custodians33. ApplicationPart VI Miscellaneous and Supplementary (ss. 34-43)34. Power to insure35. Personal representatives36. Pension schemes37. Authorised unit trusts38. Common investment schemes for charities etc39. Interpretation40. Minor and consequential amendments etc41. Power to amend other Acts42. Commencement and extent43. Short titleSchedule 1 Application of duty of care (paras. 1-7)Schedule 2 Minor and consequential amendments (paras. 1-57)Schedule 2, Part I The Trustee Investments Act 1961 and the Charities Act 1993 (paras. 1-2)Schedule 2, Part II Other Public General Acts (paras. 3-49)Schedule 2, Part III Measures (paras. 50-57)Schedule 3 Transitional provisions and savings (paras. 1-8)Schedule 4 RepealsSchedule 4, Part I The Trustee Investments Act 1961 and the Charities Act 1993Schedule 4, Part II Other repeals
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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 February 2001 - onwards
Version 2 of 2

26. Restriction or exclusion of this Part etc

The powers conferred by this Part are -

(a) in addition to powers conferred on trustees otherwise than by this Act, but

(b) subject to any restriction or exclusion imposed by the trust instrument or by any enactment or any provision of subordinate legislation.

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