# The Risk Transformation Regulations 2017, Regulation 59: Creation of a cell


(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.
(2) A protected cell company must notify the FCA when it creates a cell.
(3) The notification must state—
(a) the name or number of the cell; and
(b) the time and date when the cell was created.
(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).
(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).

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Source: https://www.legislation.gov.uk/ukdsi/2017/9780111160596/regulation/59 (the official version)
Page: https://openlegislation.uk/draft-risk-transformation-regulations-2017/regulation-59
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.