Companies (Protected Cell Companies) (Prescribed Classes) Regulations, 2024

GUERNSEY STATUTORY INSTRUMENT 2024 No.
The Companies (Protected Cell Companies) (Prescribed Classes) Regulations, 2024 Made Coming into operation Laid before the States 13th December, 2024 20th December, 2024 2025 THE GUERNSEY FINANCIAL SERVICES COMMISSION, in exercise of the powers conferred on it by sections 437(1)(e), 466, 534 and 538 of the Companies (Guemsey) Law, 2008" and all other powers enabling it in that behall and after consultation with the States Committee for Economic Development, hereby makes the following Regulations:- Prescribed class or description of protected cell company 1". Any company which is (or when incorporated will be) licensed to carry on the regulated activity under section 2(1Xe) of the Regulation of Fiduciaries, Administration Businesses and Company Directors, etc (Bailiwick of Guernsey) Law, 2020 is prescribed by the Commission for the purposes of
section a37Q)@) of the Companies (Guemsey) Law, 2008.
Citation
2. These Regulations may be cited as the Companies (Protected Cell Companies)
(Prescribed Classes) Regulation s, 2024, u Order in Council No. VIII of 2008.

Com{nq{rcer,ngnt
3. These Regulations shall come into force on the 20ft December,2024.
Dated this 1"3ih day of December 2024,
I
I
Chairman of the Guemsey Financial Services Commission For and on behalf of the Commission EXPLANATORY NOTE (This note is not part of the Regulations) These Regulations prescribe an additional class or description of a company for the pu{poses of section a37$)(e) of the Companies (Guemsey) Law, 2008 to include a company which is (or when incorporated will be) licensed to carry on the regulated activity under section 2(1)(e) of the Regulation of Fiduciaries, Administration Businesses and Company Directors, etc (Bailiwick of Guemsey) Law,2020, Any such comPany can be incorporated as a protected cell company, and any such company already in existence can be converted into a protected cell company. 2