{
  "url": "https://openlegislation.uk/draft-risk-transformation-regulations-2017/regulation-59",
  "json_url": "https://openlegislation.uk/draft-risk-transformation-regulations-2017/regulation-59.json",
  "legislation": "ukdsi/2017/9780111160596",
  "legislation_title": "The Risk Transformation Regulations 2017",
  "legislation_url": "https://openlegislation.uk/draft-risk-transformation-regulations-2017",
  "path": "regulation/59",
  "kind": "regulation",
  "number": "59",
  "heading": "Creation of a cell",
  "text": "(1) The time and date on which a cell is created by the protected cell company is to be determined in accordance with the provisions of the protected cell company’s instrument of incorporation.\n(2) A protected cell company must notify the FCA when it creates a cell.\n(3) The notification must state—\n(a) the name or number of the cell; and\n(b) the time and date when the cell was created.\n(4) A protected cell company may not create a cell if the core of the protected cell company is in administration or liquidation (see regulation 167).\n(5) This regulation does not apply when a cell is deemed to have been created as a result of a Case 1 transfer scheme (within the meaning given by regulation 170).",
  "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/59",
    "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."
}