# The Risk Transformation Regulations 2017, Regulation 169: Disapplication of other insolvency proceedings


(1) Except to the extent provided for in this Chapter—
(a) a protected cell company may not propose a voluntary arrangement;
(b) neither a protected cell company nor a part of a protected cell company may be placed into administration;
(c) a receiver (including an administrative receiver) may not be appointed in respect of any property held by the protected cell company;
(d) a protected cell company may not pass a resolution for the winding up of the protected cell company or any part of the protected cell company;
(e) a winding-up order may not be made against the protected cell company or any part of the protected cell company;
(f) the estate of a protected cell company or any part of a protected cell company may not be sequestrated under section 6 of the Bankruptcy (Scotland) Act 2016;
(g) neither the protected cell company nor a part of the protected cell company may be subject to any other process under the insolvency legislation which applies to a person who is insolvent or who is likely to become insolvent.
(2) The reference in paragraph (1)(d) to winding up includes a reference to a members’ voluntary winding up under Chapter 3 of Part 4 of the Insolvency Act 1986 or Chapter 3 of Part 5 of the Insolvency (Northern Ireland) Order 1989.

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Source: https://www.legislation.gov.uk/ukdsi/2017/9780111160596/regulation/169 (the official version)
Page: https://openlegislation.uk/draft-risk-transformation-regulations-2017/regulation-169
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.