# The Risk Transformation Regulations 2017, Regulation 127: Persons holding investments in different parts of the protected cell company


(1) This regulation applies where—
(a) a person (“P”) holds investments issued on behalf of number of different parts of a protected cell company;
(b) those investments include shares issued on behalf of a part of the protected cell company; and
(c) the protected cell company makes a distribution to P in P’s capacity as the holder of shares issued on behalf of that part of the protected cell company.
(2) Regulations 125 and 126 apply to the distribution as if the only investment held by P were the shares issued on behalf of that part of the protected cell company.

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Source: https://www.legislation.gov.uk/ukdsi/2017/9780111160596/regulation/127 (the official version)
Page: https://openlegislation.uk/draft-risk-transformation-regulations-2017/regulation-127
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.