If an instrument is included in the Generation Business Register as one to which this regulation applies, on and after 1 July 2014 the instrument:
(a) continues to apply to P&WCorp; and
(b) also applies to GenCorp in the same way as it applies to P&WCorp; and
(c) applies to P&WCorp and GenCorp severally, not jointly; and
(d) has effect as otherwise modified as specified in the Generation Business Register.