Index: /trunk/src/VBox/VMM/VMMAll/IEMAllCImplSvmInstr.cpp.h
===================================================================
--- /trunk/src/VBox/VMM/VMMAll/IEMAllCImplSvmInstr.cpp.h	(revision 76010)
+++ /trunk/src/VBox/VMM/VMMAll/IEMAllCImplSvmInstr.cpp.h	(revision 76011)
@@ -340,5 +340,5 @@
 # if defined(VBOX_WITH_NESTED_HWVIRT_ONLY_IN_IEM) && defined(IN_RING3)
     /* CLGI/STGI may not have been intercepted and thus not executed in IEM. */
-    if (   HMIsEnabled(pVM)
+    if (   HMIsEnabled(pVCpu->CTX_SUFF(pVM))
         && HMSvmIsVGifActive(pVCpu->CTX_SUFF(pVM)))
         return EMR3SetExecutionPolicy(pVCpu->CTX_SUFF(pVM)->pUVM, EMEXECPOLICY_IEM_ALL, false);
Index: /trunk/src/VBox/VMM/VMMR0/HMSVMR0.cpp
===================================================================
--- /trunk/src/VBox/VMM/VMMR0/HMSVMR0.cpp	(revision 76010)
+++ /trunk/src/VBox/VMM/VMMR0/HMSVMR0.cpp	(revision 76011)
@@ -4307,6 +4307,9 @@
 
 #ifdef VBOX_WITH_NESTED_HWVIRT_ONLY_IN_IEM
-    Log2(("hmR0SvmPreRunGuest: Rescheduling to IEM due to nested-hwvirt or forced IEM exec -> VINF_EM_RESCHEDULE_REM\n"));
-    return VINF_EM_RESCHEDULE_REM;
+    if (CPUMIsGuestInSvmNestedHwVirtMode(pCtx)) /* Redundant check to avoid unreachable code warning. */
+    {
+        Log2(("hmR0SvmPreRunGuest: Rescheduling to IEM due to nested-hwvirt or forced IEM exec -> VINF_EM_RESCHEDULE_REM\n"));
+        return VINF_EM_RESCHEDULE_REM;
+    }
 #endif
 
Index: /trunk/src/VBox/VMM/VMMR0/HMVMXR0.cpp
===================================================================
--- /trunk/src/VBox/VMM/VMMR0/HMVMXR0.cpp	(revision 76010)
+++ /trunk/src/VBox/VMM/VMMR0/HMVMXR0.cpp	(revision 76011)
@@ -8440,7 +8440,10 @@
 
 #ifdef VBOX_WITH_NESTED_HWVIRT_ONLY_IN_IEM
-    Log2(("hmR0VmxPreRunGuest: Rescheduling to IEM due to nested-hwvirt or forced IEM exec -> VINF_EM_RESCHEDULE_REM\n"));
-    RT_NOREF3(pVCpu, pVmxTransient, fStepping);
-    return VINF_EM_RESCHEDULE_REM;
+    if (CPUMIsGuestVmxEnabled(&pVCpu->cpum.GstCtx))
+    {
+        Log2(("hmR0VmxPreRunGuest: Rescheduling to IEM due to nested-hwvirt or forced IEM exec -> VINF_EM_RESCHEDULE_REM\n"));
+        RT_NOREF3(pVCpu, pVmxTransient, fStepping);
+        return VINF_EM_RESCHEDULE_REM;
+    }
 #endif