15. Application of the Perpetuities and Accumulations Act 2009.

The provisions of the Perpetuities and Accumulations Act 2009 apply in relation to an instrument taking effect on or after 6 April 2010 (the commencement date of the Act)1. However, they do not apply in relation to a will executed before that day, and they apply in relation to an instrument made in the exercise of a special power of appointment only if the instrument creating the power takes effect on or after that day2. A power of appointment includes a discretionary power to create a beneficial interest in property without the provision of valuable consideration and a discretionary