19(1)The YPLA may do anything that it considers necessary or appropriate for the purposes of, or in connection with, its functions.
(2)The power in sub-paragraph (1) is subject to any restrictions imposed by or under any provision of any Act.
(3)The YPLA may not borrow money.
(4)The YPLA may not do any of the following without the consent of the Secretary of State—
(a)lend money;
(b)form, participate in forming or invest in a company;
(c)form, participate in forming or otherwise become a member of a charitable incorporated organisation (within the meaning of section 69A of the Charities Act 1993 (c. 10)).
(5)In sub-paragraph (4)(b) the reference to investing in a company includes a reference to—
(a)becoming a member of the company, and
(b)investing in it by the acquisition of any assets, securities or rights or otherwise.