The Risk Transformation Regulations 2017

The name of a protected cell company

17.—(1) A protected cell company’s name must include one of the following expressions (or their Welsh equivalents)—

“protected cell company”;

“PCC Limited”;

“PCC Ltd”.

(2) No protected cell company may have a name that—

(a) is undesirable or misleading;

(b) includes any of the following words or expressions (or, where applicable, their Welsh equivalents)—

(i) “unlimited” or “public limited company”;

(ii) “insurance”, “insurer”, “insured”, “reinsurance”, “reinsurer”, “reinsured”;

(iii) European Economic Interest Grouping or any equivalent set out in Schedule 3 to the European Economic Interest Grouping Regulations 1989;

(c) includes an abbreviation of any of the words or expressions referred to in sub-paragraph (b);

(d) is the same as the name of any other protected cell company registered by the FCA;

(e) is the same as the name of any other protected cell company which was registered by the FCA and then dissolved; or

(f) is the same as the name of any other company appearing on the appropriate registrar’s index of company names.

(3) The following are to be disregarded for the purposes of determining whether one name is the same as another name—

(a) the definite article, where it is the first word of the name;

(b) the following words and expressions (or, where applicable, their Welsh equivalents) where they appear at the end of the name—

• “company”;

• “and company”;

• “company limited”;

• “limited”;

• “unlimited”;

• “public limited company”;

• “protected cell company”;

• “PCC Limited”;

• “PCC Ltd”;

• “European Economic Interest Grouping” or any equivalent set out in Schedule 3 to the European Economic Interest Grouping Regulations 1989;

(c) abbreviations of the words and expressions referred to in sub-paragraph (b) where they appear at the end of the name; and

(d) type and case of letters, accents, spaces between letters and punctuation marks.

(4) For the purposes of determining whether one name is the same as another name, “and” and “&” are to be taken to be the same.