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PART 4 U.K.Protected Cell Companies

CHAPTER 7U.K.Dealings with third parties

Reliance on the registerU.K.

80.—(1) A protected cell company may only rely against another person (“P”) on an event which must be notified to the FCA to be recorded on the register where—

(a)the event has been recorded on the register published by the FCA on its website; or

(b)the protected cell company shows that P knew of the event at the material time.

(2) If the material time falls—

(a)on or before the 15th day after the date that the event was recorded in the register published by the FCA on its website; or

(b)where the 15th day was not a working day, on or before the next day that was,

then the protected cell company is not entitled to rely on the happening of the event as against P if P shows that P was unavoidably prevented from knowing of the event at that time.