PART 4Protected Cell Companies
CHAPTER 16Mergers and Divisions
Requirements on applicants173
1
A person must comply with the following requirements before making an application under regulation 174 (fast track transfers) or regulation 175 (transfers sanctioned by court order).
2
The person who proposes to make the application must decide on a date (by virtue of regulation 171, this date is known as the “reference date”).
3
Within a period of 10 working days beginning with the reference date, a notice stating that the person proposes to make the application must be—
a
published—
i
in the London, Edinburgh and Belfast Gazettes;
ii
in two national newspapers in the United Kingdom; and
iii
in a national newspaper in each of the countries or territories in which a person who was an affected party on the reference date is located; and
b
sent to all the persons who were affected parties on the reference date.
4
The applicant must provide the following documents free of charge and without delay to the FCA, the PRA and any other person who requests them—
a
a statement setting out the terms of the proposed transfer scheme; and
b
a copy of the proposed application.