Persons holding investments in different parts of the protected cell company
This section has no associated Explanatory Memorandum
127.—(1) This regulation applies where—
(a)a person (“P”) holds investments issued on behalf of number of different parts of a protected cell company;
(b)those investments include shares issued on behalf of a part of the protected cell company; and
(c)the protected cell company makes a distribution to P in P’s capacity as the holder of shares issued on behalf of that part of the protected cell company.
(2) Regulations 125 and 126 apply to the distribution as if the only investment held by P were the shares issued on behalf of that part of the protected cell company.