The London Insurance Market Charitable Trust

3. OBJECTSTHE TRUSTEES SHALL HOLD THE CAPITAL AND INCOME OF THE TRUST FUND UPON TRUST TO PAY OR APPLY THE INCOME, AND ALL OR SUCH PART OR PARTS OF THE CAPITAL, AT SUCH TIME OR TIMES AND IN SUCH MANNER TO, OR FOR THE BENEFIT OF, THE FOLLOWING CHARITABLE PURPOSES:3.1 ADVANCING FOR THE PUBLIC BENEFIT THE ACADEMIC AND/OR VOCATIONAL EDUCATION OF YOUNG PEOPLE IN FINANCIAL NEED IN SUCH WAYS AS THE TRUSTEES THINK FIT, INCLUDING (BUT NOT LIMITED TO) BY FUNDING AND/OR AWARDING SCHOLARSHIPS TENABLE BY PROSPECTIVE OR CURRENT STUDENTS OF THE DEGREE OF MASTER OF SCIENCE IN INSURANCE AND RISK MANAGEMENT AT CITY, UNIVERSITY OF LONDON (OR ANY ACADEMIC OR VOCATIONAL QUALIFICATION AWARDED BY ANY UNIVERSITY, COLLEGE OR INSTITUTION OF HIGHER OR FURTHER EDUCATION IN THE RELATED DISCIPLINES OF INSURANCE AND RISK MANAGEMENT AND/OR ACTUARIAL SCIENCE AS THE TRUSTEES SEE FIT); AND3.2 SUCH CHARITABLE PURPOSES FOR THE PUBLIC BENEFIT IN ANY PART OF THE WORLD AS ARE EXCLUSIVELY CHARITABLE ACCORDING TO THE LAWS OF ENGLAND AND WALES AS THE TRUSTEES MAY IN THEIR DISCRETION THINK FIT.