S.I. No. 372/1986 - Trustee (Authorised Investments) Order, 1986.
S.I. No. 372 of 1986. | ||
TRUSTEE (AUTHORISED INVESTMENTS) ORDER, 1986. | ||
I, JOHN BRUTON, Minister for Finance, in exercise of the powers conferred on me by section 2 (1) of the Trustee (Authorised Investments) Act, 1958 (No. 8 of 1958), and having complied with subsections (2) and (3) of that section, hereby order as follows: 1. This Order may be cited as the Trustee (Authorised Investments) Order, 1986. 2. The following investments are hereby added to the investments specified in section 1 of the Trustee Act, 1893, as amended by the Trustee (Authorised Investments) Act, 1958 (No. 8 of 1958), that is to say— | ||
(a) investment in interest-bearing deposit accounts with any of the following licensed banks— | ||
Ansbacher & Company Limited, Smurfit Paribas Bank Limited, | ||
and | ||
(b) investment in units of Bank of Ireland Gilt and Bond Fund. 3. The following investments are hereby deleted from the investments specified in section 1 of the said Trustee Act, 1893, as amended by the said Trustee (Authorised Investments) Act, 1958 , and the Trustee (Authorised Investments) Order, 1979 ( S.I. No. 407 of 1979 ), that is to say, investment in interest-bearing deposit accounts with the following licenced bank: | ||
Royal Trust Company (Ireland) Limited. | ||
GIVEN under my Official Seal this 24th day of November, 1986. | ||
JOHN BRUTON, | ||
Minister for Finance. | ||
EXPLANATORY NOTE. | ||
This Order extends the list of investments in which trusts funds may be held by the addition of interest-bearing deposit accounts with the two named banks and of units in the named investment fund. The Order also removes from the authorised list interest-bearing deposit accounts with the named company which no longer engages in banking operations. |