PART 4Protected Cell Companies

CHAPTER 2Registration

SECTION 1Obtaining registration

The name of a protected cell company17

1

A protected cell company’s name must include one of the following expressions (or their Welsh equivalents)—

  • “protected cell company”;

  • “PCC Limited”;

  • “PCC Ltd”.

2

No protected cell company may have a name that—

a

is undesirable or misleading;

b

includes any of the following words or expressions (or, where applicable, their Welsh equivalents)—

i

“unlimited” or “public limited company”;

ii

“insurance”, “insurer”, “insured”, “reinsurance”, “reinsurer”, “reinsured”;

iii

European Economic Interest Grouping or any equivalent set out in Schedule 3 to the European Economic Interest Grouping Regulations 1989;

c

includes an abbreviation of any of the words or expressions referred to in sub-paragraph (b);

d

is the same as the name of any other protected cell company registered by the FCA;

e

is the same as the name of any other protected cell company which was registered by the FCA and then dissolved; or

f

is the same as the name of any other company appearing on the appropriate registrar’s index of company names.

3

The following are to be disregarded for the purposes of determining whether one name is the same as another name—

a

the definite article, where it is the first word of the name;

b

the following words and expressions (or, where applicable, their Welsh equivalents) where they appear at the end of the name—

  • “company”;

  • “and company”;

  • “company limited”;

  • “limited”;

  • “unlimited”;

  • “public limited company”;

  • “protected cell company”;

  • “PCC Limited”;

  • “PCC Ltd”;

  • “European Economic Interest Grouping” or any equivalent set out in Schedule 3 to the European Economic Interest Grouping Regulations 1989;

c

abbreviations of the words and expressions referred to in sub-paragraph (b) where they appear at the end of the name; and

d

type and case of letters, accents, spaces between letters and punctuation marks.

4

For the purposes of determining whether one name is the same as another name, “and” and “&” are to be taken to be the same.