{
  "url": "https://openlegislation.uk/draft-risk-transformation-regulations-2017/regulation-50",
  "json_url": "https://openlegislation.uk/draft-risk-transformation-regulations-2017/regulation-50.json",
  "legislation": "ukdsi/2017/9780111160596",
  "legislation_title": "The Risk Transformation Regulations 2017",
  "legislation_url": "https://openlegislation.uk/draft-risk-transformation-regulations-2017",
  "path": "regulation/50",
  "kind": "regulation",
  "number": "50",
  "heading": "Set-off: modification of insolvency legislation",
  "text": "(1) This regulation applies where—\n(a) a protected cell company has a liability (“liability A”) to a person which was incurred on behalf of, or which is attributable to, a part of the protected cell company; and\n(b) that person has a liability (“liability B”) to the protected cell company in respect of a different part of the protected cell company.\n(2) Nothing in the insolvency legislation enables the netting or setting off against each other of liability A and liability B.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2017/9780111160596/regulation/50",
    "retrieved_at": "2026-10-30T15:06:04.488256+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}