[Bug] MDM settings not loading from Windows registry

Bug Description
MDM settings are not loading from the windows registry.

Environment Info

• Platform: win32
• Terminal: windows-terminal
• Version: 2.1.131
• Feedback ID: a92c16fe-1b33-4e89-8f13-0c84ea1459a7

Errors
I am getting no errors in the debug log or anything. It just says "MDM settings load completed in 38ms" but no settings are shown loaded in the messages about policySettings:

2026-05-06T08:43:11.849Z [DEBUG] Replacing all allow rules for destination 'userSettings' with 0 rule(s): []
2026-05-06T08:43:11.853Z [DEBUG] Replacing all deny rules for destination 'userSettings' with 0 rule(s): []
2026-05-06T08:43:11.857Z [DEBUG] Replacing all ask rules for destination 'userSettings' with 0 rule(s): []
2026-05-06T08:43:11.861Z [DEBUG] Replacing all allow rules for destination 'projectSettings' with 0 rule(s): []
2026-05-06T08:43:11.865Z [DEBUG] Replacing all deny rules for destination 'projectSettings' with 0 rule(s): []
2026-05-06T08:43:11.870Z [DEBUG] Replacing all ask rules for destination 'projectSettings' with 0 rule(s): []
2026-05-06T08:43:11.873Z [DEBUG] Replacing all allow rules for destination 'localSettings' with 0 rule(s): []
2026-05-06T08:43:11.877Z [DEBUG] Replacing all deny rules for destination 'localSettings' with 0 rule(s): []
2026-05-06T08:43:11.881Z [DEBUG] Replacing all ask rules for destination 'localSettings' with 0 rule(s): []
2026-05-06T08:43:11.884Z [DEBUG] Replacing all allow rules for destination 'flagSettings' with 0 rule(s): []
2026-05-06T08:43:11.890Z [DEBUG] Replacing all deny rules for destination 'flagSettings' with 0 rule(s): []
2026-05-06T08:43:11.894Z [DEBUG] Replacing all ask rules for destination 'flagSettings' with 0 rule(s): []
2026-05-06T08:43:11.897Z [DEBUG] Replacing all allow rules for destination 'policySettings' with 0 rule(s): []
2026-05-06T08:43:11.900Z [DEBUG] Replacing all deny rules for destination 'policySettings' with 0 rule(s): []
2026-05-06T08:43:11.906Z [DEBUG] Replacing all ask rules for destination 'policySettings' with 0 rule(s): []