CONTENTS

Go to Preamble

1. PART I

   THE DUTY OF CARE

   1. 1. The duty of care

   2. 2. Application of duty of care

2. PART II

   INVESTMENT

   1. 3. General power of investment

   2. 4. Standard investment criteria

   3. 5. Advice

   4. 6. Restriction or exclusion of this Part, etc.

   5. 7. Existing trusts and statutory powers

3. PART III

   ACQUISITION OF LAND

   1. 8. Power to acquire land

   2. 9. Restriction or exclusion of this Part, etc.

   3. 10. Existing trusts

4. PART IV

   AGENTS NOMINEES AND CUSTODIANS

   1. Agents

      1. 11. Power to employ agents

      2. 12. Persons who may act as agents

      3. 13. Linked functions, etc.

      4. 14. Terms of agency

      5. 15. Asset management: special restrictions

   2. Nominees and custodians

      1. 16. Power to appoint nominees

      2. 17. Power to appoint custodians

      3. 18. Investment in bearer securities

      4. 19. Persons who may be appointed as nominees or custodians

      5. 20. Terms of appointment of nominees and custodians

   3. Review of and liability for agents, nominees and custodians, etc.

      1. 21. Application of sections 22 and 23

      2. 22. Review of agents, nominees and custodians, etc.

      3. 23. Liability for agents, nominees and custodians, etc.

   4. Supplementary

      1. 24. Effect of trustees exceeding their powers

      2. 25. Sole trustees

      3. 26. Restriction or exclusion of this Part, etc.

      4. 27. Existing trusts

5. PART V

   REMUNERATION

   1. 28. Trustee’s entitlement to payment under trust instrument

   2. 29. Remuneration of certain trustees

   3. 30. Remuneration of trustees of charitable trusts

   4. 31. Trustees' expenses

   5. 32. Remuneration and expenses of agents, nominees and custodians

   6. 33. Application

6. PART VI

   APPOINTMENT AND RETIREMENT OF TRUSTEES

   1. 34. Appointment or retirement of trustee at instance of beneficiaries

   2. 35. Appointment of substitute for incapable trustee

   3. 36. Provisions supplementary to sections 34 and 35

7. PART VII

   MISCELLANEOUS AND SUPPLEMENTARY

   1. Power to insure

      1. 37. Power to insure

   2. Special cases

      1. 38. Personal representatives

      2. 39. Pension schemes

      3. 40. Authorised unit trusts

      4. 41. Common investment schemes for charities

      5. 42. The Crown

   3. Supplementary

      1. 43. Interpretation

      2. 44. Amendments, transitional and saving provisions and repeals

      3. 45. Commencement

      4. 46. Short title

8. SCHEDULES:

   1. Schedule 1

      Application of duty of care

   2. Schedule 2

      Minor and consequential amendments

   3. Schedule 3

      Transitional provisions and savings

   4. Schedule 4

      Repeals