International Trusts Order, 2000 · s 5

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5.
Powers of investment
( 1)
Subject as provided in subsection 3(6) -
(a}
trustees shall have the full powers of investment and of changing investments of individual beneficial owners absolutely entitled including (without prejudice to the foregoing) -
(i)
investing through nominees; and
(ii)
investing in or upon the security of property of any kind in any part of the world, whether or not yielding any income or involving any liability;
(b}
the powers conferred by this section-
(i)
shall be exercisable in the discretion of the trustees; and
(ii)
shall be in addition to those conferred by the trust instrument or by law.
(2)
The powers conferred by this section apply to a trust if and so far only as a contrary intention is not expressed in the trust instrument and shall have effect subject to the terms of that instrument.
1144

(3}
The powers conferred by this section shall be subject to any consent or direction required by the trust instrument with respect to the investment of trust property.

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s 5Powers of investment

( 1)

Subject as provided in subsection 3(6) -

(a}

trustees shall have the full powers of investment and of changing investments of individual beneficial owners absolutely entitled including (without prejudice to the foregoing) -

(i)

investing through nominees; and

(ii)

investing in or upon the security of property of any kind in any part of the world, whether or not yielding any income or involving any liability;

(b}

the powers conferred by this section-

(i)

shall be exercisable in the discretion of the trustees; and

(ii)

shall be in addition to those conferred by the trust instrument or by law.

(2)

The powers conferred by this section apply to a trust if and so far only as a contrary intention is not expressed in the trust instrument and shall have effect subject to the terms of that instrument.

1144

(3}

The powers conferred by this section shall be subject to any consent or direction required by the trust instrument with respect to the investment of trust property.