In section 25(1) (general powers and duties of the Horserace Betting Levy Board) for paragraph (e) substitute—

“(e)

to make such other investments as—

(i)

they judge desirable for the proper conduct of their affairs, and

(ii)

a trustee would be able to make under the general power of investment in section 3 of the Trustee Act 2000 (as restricted by sections 4 and 5 of that Act);”.