S.I. No. 327/1990 - Trustee (Authorised Investments) Order, 1990.

S.I. No. 327 of 1990.

TRUSTEE (AUTHORISED INVESTMENTS) ORDER, 1990.

I, ALBERT REYNOLDS, 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, 1990.

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 Equity Bank Limited, Irish Life Building Society; and

( b ) investment in units of Bank of Ireland Corporate Unit Trust.

GIVEN under my Official Seal this 20th day of December 1990.

ALBERT REYNOLDS,

Minister for Finance.

EXPLANATORY NOTE.

This Order extends the list of investments in which trust funds may be held by the addition of interest bearing deposit accounts with the two institutions named and of units in the named investment fund.