Part 9Amendments to other Acts
Amendments to Financial Advisers Act 2008
177New section 77TA and cross-heading inserted
After section 77T, insert:
Application of Trusts Act 2019
77TAApplication of Trusts Act 2019
This section applies to a trust constituted (or to be constituted) for the purposes of section 77P.
The following provisions of the Trusts Act 2019 do not apply to a trust referred to in subsection (1):
- section 29 (general duty of care):
- section 39 (adviser must alert settlor to modification or exclusion of default duty):
- sections 45 to 48 (documents to be kept by trustees):
- sections 49 to 55 (giving information to beneficiaries):
- section 56 (general powers of trustee):
- section 72 (trustee’s liability for acts of delegate limited):
- sections 81 to 85 (trustees’ indemnities):
- sections 142 to 148 (alternative dispute resolution):
- sections 153 to 158 (investigation of condition and accounts of certain trust property).