s 50 Power to modify law in connection with share or property transfers
(1) The Secretary of State may, by regulations, modify the law for the purpose of enabling the powers conferred on the Secretary of State by this Part to be used effectively. (2) “ Modify the law ” means— (a) disapply or modify any provision of regulations made in the exercise of a power conferred by this Part; (b) disapply or modify the effect of a provision of any other enactment, other than a provision made by or under this Act; (c) apply, with or without modifications, an enactment that would not otherwise apply; (d) disapply or modify the effect of a rule of law not set out in an enactment. (3) Regulations under this section may make provision which has retrospective effect. (4) Regulations under this section are subject to— (a) the affirmative procedure, or (b) if the Secretary of State thinks it necessary to make regulations without complying with paragraph (a) , the made affirmative procedure.