  We describe a model structure for coloured operads with values in the
category of symmetric spectra (with the positive model structure), in which
fibrations and weak equivalences are defined at the level of the underlying
collections. This allows us to treat R-module spectra (where R is a cofibrant
ring spectrum) as algebras over a cofibrant spectrum-valued operad with R as
its first term. Using this model structure, we give suficient conditions for
homotopical localizations in the category of symmetric spectra to preserve
module structures.
