{
  "url": "https://openlegislation.uk/draft-risk-transformation-regulations-2017/schedule-3/paragraph-3",
  "json_url": "https://openlegislation.uk/draft-risk-transformation-regulations-2017/schedule-3/paragraph-3.json",
  "legislation": "ukdsi/2017/9780111160596",
  "legislation_title": "The Risk Transformation Regulations 2017",
  "legislation_url": "https://openlegislation.uk/draft-risk-transformation-regulations-2017",
  "path": "schedule/3/paragraph/3",
  "kind": "paragraph",
  "number": "3",
  "heading": "General application of the insolvency legislation",
  "text": "The insolvency legislation applies to the core as if—\n(a) the core is a body corporate with distinct legal personality;\n(b) the core was incorporated when the protected cell company was incorporated;\n(c) the core is registered in the part of the United Kingdom in which the protected cell company has its registered office;\n(d) the registered office of the cell is the registered office of the protected cell company;\n(e) the registered name of the core is “the core of” followed by the name of the protected cell company;\n(f) the registrar of companies is the FCA;\n(g) a person who is or was a director, shadow director, officer, employee or agent of the protected cell company is or was a director, shadow director, officer, employee or agent of the core (as the case may be);\n(h) shares issued by the protected cell company on behalf of the core are shares issued by the core;\n(i) the core’s property, assets, liabilities, debts and creditors are determined in accordance with regulation 48(6);\n(j) things done by the protected cell company on behalf of the core are things done by the core;\n(k) things done to the protected cell company in respect of the core are things done to the core;\n(l) judgments or orders made against the protected cell company in respect of the core are judgments or orders made against the core;\n(m) the books, papers, records, registers and other documents of the protected cell company are, insofar as they relate to the core, books, papers, records, registers and documents of the core; and\n(n) an associate of the protected cell company (within the meaning given by section 435 of the Insolvency Act 1986 or Article 4 of the Insolvency (Northern Ireland) Order 1989) is an associate of the core.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2017/9780111160596/schedule/3/paragraph/3",
    "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."
}