xmlns:atom="http://www.w3.org/2005/Atom" xmlns:atom="http://www.w3.org/2005/Atom"

PART 4 U.K.Protected Cell Companies

CHAPTER 5U.K.Operation of a protected cell company

Objects of a protected cell companyU.K.

57.—(1) The objects of a protected cell company are the carrying on of—

(a)the activity referred to in section 284A(2)(a) (transformer vehicles) of FSMA to the extent that the activity is a specified kind of activity falling within Article 13A of the Regulated Activities Order;

(b)the activities referred to in section 284A(2)(b) of FSMA; and

(c)any activity which is incidental to, consequential on, or supplemental to, any of the activities mentioned in sub-paragraphs (a) or (b).

(2) A protected cell company may not carry out any other kind of activity.