Regulation 131 Holding companies and subsidiaries: prohibition on shareholdings
(1)
A protected cell company may not hold shares in a company which is the protected cell company’s holding company (within the meaning given by section 1159 of the Companies Act 2006).
(2)
An allotment or transfer of shares issued on behalf of the core or a cell of a protected cell company to a subsidiary (within the meaning given by section 1159 of the Companies Act 2006) of a protected cell company is void.