PART 4Protected Cell Companies
CHAPTER 5Operation of a protected cell company
Assumption of risk: notification to PRA60
1
Where a protected cell company assumes a risk from an undertaking, the protected cell company must notify the PRA.
2
The notification must be sent to the PRA within a period of 5 working days beginning with the day the protected cell company assumed the risk.
3
Rules made under section 137G (the PRA’s general rules) of FSMA49 may specify—
a
the form in which such a notification is to be made;
b
the information to be included with such a notification; and
c
the form in which any such information is to be provided.