Trustee (Authorised Investments) Act, 1958

Variation by order of authorised investments·

2.—(1) The Minister for Finance may by order vary by addition or deletion—

(a) the investments specified in section 1 of the Trustee Act, 1893, as amended by section 1 of this Act, or

(b) where those investments have been varied by order under this subsection, those investments as so varied.

(2) Where an order is proposed to be made under this section, a draft thereof shall be laid before each House of the Oireachtas and the order shall not be made until a resolution approving of the draft has been passed by each such House.

(3) Before laying, pursuant to subsection (2) of this section, a draft before each House of the Oireachtas, the Minister shall consult—

(a) a Judge of the High Court nominated by the Chief Justice,

(b) the Governor of the Central Bank,

(c) the Public Trustee,

(d) the Chairman of the Irish Banks' Standing Committee,

(e) the President of the Incorporated Law Society of Ireland,

(f) the President of the Dublin Stock Exchange, and

(g) the President of the Cork Stock Exchange in regard to the terms of the proposed order.