International Trusts Order, 2000 · As enacted · Part II · Investments
5. Powers of investment
Official textFrom Attorney General's Chambers, unchanged
( 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) -
investing through nominees; and
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-
shall be exercisable in the discretion of the trustees; and
shall be in addition to those conferred by the trust instrument or by law.
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.
trust
"trust" means an international trust except where the context otherwise requires;
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(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.
trust instrument
"trust instrument" means the written testamentary or other instrument if any by which, or on the terms of which, the trust is created (including any subsequent instruments affecting the terms or administration of the trust) or where the trust was not created by, or on the terms of, any written instrument refers to any trust instrument evidencing an oral declaration creating the trust. Application and restrictions.
Terms defined in s 2
instrument
Defined · s 2"instrument" includes a written law and an instrument made under such law;
property
Defined · s 2"property" includes - {a} money, goods, chases in action, land and every descriptions of property1 whether movable or immovable; and (b} obligations, easements and every description of estate, interest and profit, present or future, vested or contingent, arising out of, or incident to, any property as defined in paragraph {a}; 1141 17th. JULY, 2000
trust
Defined · s 2"trust" means an international trust except where the context otherwise requires;
trust instrument
Defined · s 2"trust instrument" means the written testamentary or other instrument if any by which, or on the terms of which, the trust is created (including any subsequent instruments affecting the terms or administration of the trust) or where the trust was not created by, or on the terms of, any written instrument refers to any trust instrument evidencing an oral declaration creating the trust. Application and restrictions.
Part III
Part IV
Protections and Indemnities of Trustees
Part VI
Part VII
Powers of the Court
Part VIII
Authorised Purpose Trusts
Part IX
Part X
Additional Provisions
Part XI