Textual Amendments
F1Sch. A1 inserted (1.4.2017) by Enterprise Act 2016 (c. 12), s. 44(5), Sch. 4 para. 9; S.I. 2017/346, reg. 2(a)
10(1)The IfA may—E+W+S
(a)provide information or advice to any person in connection with any of the IfA's functions;
(b)co-operate or work jointly with any person where it is appropriate to do so for the efficient and effective performance of any of the IfA's functions;
(c)carry out research for the purposes of, or in connection with, the IfA's functions;
[F2(ca)use, in the exercise of any of its functions, information obtained by it in the exercise of any of its other functions;]
(d)do anything else that the IfA considers necessary or appropriate for the purposes of, or in connection with, its functions.
(2)The [F3powers in sub-paragraph (1) are] subject to any restrictions imposed by or under any provision of any Act.
(3)The IfA may not borrow money.
(4)The IfA may not, without the consent of the Secretary of State—
(a)lend money,
(b)form, participate in forming or invest in a company, or
(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).
(5)In sub-paragraph (4) the reference to investing in a company includes a reference to becoming a member of the company and to investing in it by the acquisition of any assets, securities or rights or otherwise.]
Textual Amendments
F2Sch. A1 para. 10(ca) inserted (8.11.2017 for specified purposes, 31.1.2019 in so far as not already in force) by Technical and Further Education Act 2017 (c. 19), s. 47(2), Sch. 1 para. 32(3)(a); S.I. 2017/1055, reg. 2(b)(iv) (with reg. 4); S.I. 2019/61, reg. 2(b)
F3Words in Sch. A1 para. 10(2) substituted (8.11.2017 for specified purposes, 31.1.2019 in so far as not already in force) by Technical and Further Education Act 2017 (c. 19), s. 47(2), Sch. 1 para. 32(3)(b); S.I. 2017/1055, reg. 2(b)(iv) (with reg. 4); S.I. 2019/61, reg. 2(b)