Regulatory Alerts2025-05-08
Protected Cell Company as Pension Service Provider Consultation Feedback
The Guernsey Financial Services Commission issued regulations on 20 December 2024 allowing licensed Pension Service Providers to be incorporated as Protected Cell Companies. This change expands the legal framework to enable PSPs to ring-fence pension assets within segregated cells, a move supported by industry respondents for its potential to reduce complexity and cost. The Commission imposed strict licence conditions to ensure cells are used solely for holding pension assets and clarified that financial resource rules apply only to the PCC core for primary licensees.
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