Subject to paragraphs 26 to 28, the OLC may modify a transfer scheme.

A modification relating to a transfer that has taken effect may be made only with the agreement of the person (or persons) affected by the modification.

A modification is not to be capable of coming into effect unless it is approved by the Treasury and the Lord Chancellor.

The OLC may not submit a scheme to the Treasury or the Lord Chancellor for approval under paragraph 27 without the consent of the FOS and the FCA.

A modification takes effect from such date as the OLC may specify, and that date may be the date when the original scheme came into effect.