Schedule 11: Central counterparties Part 8 – General Modifications to the law
Paragraph 153 enables HM Treasury to modify the law in order to allow powers made under the Schedule to be used effectively, having regard to the special resolution objectives. This includes regulations with retrospective effect (sub-paragraph (3)), though HM Treasury must note it is in the public interest to avoid this.
	Sub-paragraph (6) outlines that regulations under this paragraph are subject to the affirmative procedure, or if HM Treasury deems it necessary for the regulations to come into force without delay, the made affirmative procedure.