- What is a Protected Cell Company (‘PCC’)?
A PCC is a limited liability company that is able to form cells that are segregated from each other and from the company. The effect of this is that cells are not impacted by the business of another cell. It is considered in law as a single corporate body which provides effect ring fencing between cells containing, for example, different classes or engaging in different investment strategies.
- What are Protected cell companies used for?
A PCC is used in a variety of contexts, including in the context of insurance companies and as structuring vehicles for family wealth. Where insurance companies and collective investment schemes intend to operate as a PCC, the consent and approval of the Gibraltar Financial Services Commission is required.