SCHEDULE 2Modifications to the Credit Institutions (Reorganisation and Winding Up) Regulations 2004

5.

Regulation 559 applies as if—

(a)

in the heading, for “EEA credit institutions” there were substituted “Gibraltarian credit institutions”;

(b)

for “an EEA insolvency measure” each time it occurs, there were substituted “a Gibraltar insolvency measure”;

(c)

for “an EEA credit institution” each time it occurs, there were substituted “a Gibraltarian credit institution”;

(d)

for “the relevant EEA State” each time it occurs, there were substituted “Gibraltar”;

(e)

in paragraph (2), in the words after sub-paragraph (b), for “the EEA credit institution” there were substituted “the Gibraltarian credit institution”;

(f)

in paragraph (3)(b), for “the EEA insolvency measure” there were substituted “the Gibraltar insolvency measure”;

(g)

in paragraph (6)—

(i)

in the definition of “EEA insolvency measure” for “EEA insolvency measure” there were substituted “Gibraltar insolvency measure”;

(ii)

the definition of “relevant EEA State” were omitted.