The Credit Institutions (Reorganisation and Winding Up) Regulations 2004 [S.I. 2004/1045.] apply in relation to the winding up or reorganisation of Gibraltarian credit institutions, investment 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.