Session 2012-13
Other Public Bills before Parliament
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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.”