Trusts (Capital and Income) Bill

AMENDMENT
TO BE MOVED
IN SPECIAL PUBLIC BILL COMMITTEE

Clause 4

LORD DAVIES OF STAMFORD

 

Page 4, line 16, at end insert—

“( ) Regulations under subsection (1)(b) must ensure that, by reference to appropriate long-term historical indices and otherwise, charity trustees of a relevant fund satisfy themselves that the total rate of return they have assumed in making disbursements or commitments is prudent and therefore can reasonably be expected to be sustainable.”

Prepared 11th July 2012