The Risk Transformation Regulations 2017, Section 126 is up to date with all changes known to be in force on or before 02 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
126.—(1) This regulation applies where a protected cell company makes a distribution to a person holding a share issued by the protected cell company on behalf of the core.
(2) The distribution may only be made if the protected cell company has no cells.
(3) The distribution must be made from assets held by the protected cell company on behalf of the core.
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