OpenLegislation

Regulation 57 Objects of a protected cell company

Original text. Later amendments are not shown.

(1)

The objects of a protected cell company are the carrying on of—

(a)

the activity referred to in section 284A(2)(a) (transformer vehicles) of FSMA to the extent that the activity is a specified kind of activity falling within Article 13A of the Regulated Activities Order;

(b)

the activities referred to in section 284A(2)(b) of FSMA; and

(c)

any activity which is incidental to, consequential on, or supplemental to, any of the activities mentioned in sub-paragraphs (a) or (b).

(2)

A protected cell company may not carry out any other kind of activity.