sec.84Power to invest

### sec.84 Power to invest An attorney for financial matters may invest only in authorised investments. However, if, when the power became exercisable, the principal had investments that were not authorised investments, an attorney for financial matters may continue the investments, including by taking rights to issues of new shares, or options for new shares, to which the principal becomes entitled by the principal’s existing shareholding. In this section— authorised investment means— an investment which, if the investment were of trust funds by a trustee, would be an investment by the trustee exercising a power of investment under the Trusts Act 1973 , part 3 ; or an investment approved by the tribunal. s 84 amd 2000 No. 8 s 263 sch 3 ; 2023 No. 27 s 289 sch 3 (sec.84-ssec.1) An attorney for financial matters may invest only in authorised investments. (sec.84-ssec.2) However, if, when the power became exercisable, the principal had investments that were not authorised investments, an attorney for financial matters may continue the investments, including by taking rights to issues of new shares, or options for new shares, to which the principal becomes entitled by the principal’s existing shareholding. (sec.84-ssec.3) In this section— authorised investment means— an investment which, if the investment were of trust funds by a trustee, would be an investment by the trustee exercising a power of investment under the Trusts Act 1973 , part 3 ; or an investment approved by the tribunal. - (a) an investment which, if the investment were of trust funds by a trustee, would be an investment by the trustee exercising a power of investment under the Trusts Act 1973 , part 3 ; or - (b) an investment approved by the tribunal.