Section 40.

The Trustee Investments Act 1961 (c. 62)

1

(1) Sections 1, 2, 5, 6, 12, 13 and 15 shall cease to have effect, except in so far as they are applied by or under any other enactment.

(2) Section 3 and Schedules 2 and 3 shall cease to have effect, except in so far as they relate to a trustee having a power of investment conferred on him under an enactment -

(a) which was passed before the passing of the 1961 Act, and

(b) which is not amended by this Schedule.

(3) Omit-

(a) sections 8 and 9,

(b) paragraph 1(1) of Schedule 4, and

(c) section 16(1), in so far as it relates to paragraph 1(1) of Schedule 4.

The Charities Act 1993 (c. 10)

2

(1) Omit sections 70 and 71.