(1) The Treasury may by order provide -
(a) for any relevant provision that would not otherwise apply in relation to transferred functions to apply in relation to those functions with such modifications as may be specified;
(b) for any relevant provision that would otherwise apply in relation to transferred functions not to apply in relation to them or to apply with such modifications as may be specified.
(2) "Relevant provision" means a provision of, or made under, FSMA 2000.
(3) "Transferred function" means a function that has been or is being transferred by an order under section 50; and section 51(3) applies for the purpose of this subsection.