CAPI 5.1.3 Captive insurers that are PCCs not to create cells without consent

A QFC captive insurer that is a protected cell company must not create a cell before it has obtained the written consent of the Regulatory Authority.

Note If a form is approved for the purpose of seeking the Regulatory Authority's consent under this rule, the approved form must be used (see GENE, rule 5.3.2).

Derived from QFCRA RM/2011-1 (as from 1st July 2011)