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The Protected Cell Companies Bill

To provide for the incorporation or conversion of a protected cell company whereby cells may be created for the purpose of segregating and protecting the assets of one cell from the assets of another cell.

  • A protected cell company shall be treated as a single legal person.
  • The name of such a company must include the words’ protected cell company or the abbreviation “PCC”.
  • Each protected cell shall have its own distinct name or designation.
  • A PCC may only be incorporated as such if it is an authorized mutual fund or registered to conduct international insurance business.
  • Full provisions for receivership and administrative orders.