A CCA may do—
anything it considers appropriate for the purposes of the carrying-out of any of its functions (its "functional purposes"),
anything it considers appropriate for purposes incidental to its functional purposes,
anything it considers appropriate for purposes indirectly incidental to its functional purposes through any number of removes,
anything it considers to be connected with—
any of its functions, or
anything it may do under paragraph (a), (b) or (c), and
for a commercial purpose anything which it may do under any of paragraphs (a) to (d) otherwise than for a commercial purpose.
Where subsection (1) confers power on a CCA to do something, it confers power (subject to section 50) to do it anywhere in the United Kingdom or elsewhere.
Power conferred on a CCA by subsection (1) is in addition to, and is not limited by, its other powers.
This section does not apply in relation to a CCA in respect of which regulations under section 52(1) have effect.