The Principal Act is amended by the insertion of the following sections after section 54:

"54A. Charity trustees

(1) Subject to subsection (2), a charitable organisation shall have at least 3 charity trustees who are natural persons and a majority of those trustees shall -

(a) be resident in the State, an EEA state or the United Kingdom, and

(b) not be a connected relative of another trustee.

(2) A charitable trust may have only one trustee that is a body corporate provided that the body corporate -

(a) is incorporated in the State, an EEA state or the United Kingdom, and

(b) has at least 3 directors who are natural persons and a majority of those directors who are natural persons are -

(i) resident in the State, an EEA state or the United Kingdom, and

(ii) not a connected relative of another director.

(3) This section does not apply to an education body.

(4) In this section -

'civil partner' has the same meaning as it has in section 2(2);

'cohabitant' has the same meaning as it has in section 2(2);