Regulation 3 The Credit Institutions (Reorganisation and Winding Up) Regulations 2004I1

United Kingdom

The Credit Institutions (Reorganisation and Winding Up) Regulations 2004 M1 apply in relation to the winding up or reorganisation of Gibraltarian credit institutions, F1investment firms and group companies or the determination of Gibraltarian rights in relation to the winding-up or reorganisation of UK credit institutions—

(a)

as if the amendments made by the CIIU (EU Exit) Regulations 2019 had not been made; and

(b)

subject to the modifications set out in Schedule 2.

Annotations

Textual amendments

F1: Words in reg. 3 inserted (31.12.2020 immediately before IP completion day) by The Securities Financing Transactions, Securitisation and Miscellaneous Amendments (EU Exit) Regulations 2020 (S.I. 2020/1385), regs. 1(4), 60(2)

Marginal citations

M1: S.I. 2004/1045.

Commencement

I1: Reg. 3 in force on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2)