Structures / PCC
Protected Cell Company
One legal entity, statutorily ring-fenced cells.
Single company under the Protected Cell Companies Act 1999 with assets and liabilities segregated into cells by statute. Each cell is ring-fenced from the others. Used widely for captive insurance, structured finance, and multi-strategy CIS.
At a glance
- Statute
- Protected Cell Companies Act 1999
- Legal personality
- One entity, segregated cells
- Min capital
- No universal minimum capital for a PCC; capital depends on the regulated activity
- Tax
- GBL regime applies (typically)
- Use case
- Captives · CIS · structured finance
- Cell limits
- No statutory cap on number
Used for
- 01
Captive insurance
- 02
Reinsurance vehicles
- 03
Multi-strategy collective investment schemes
- 04
Structured finance with isolated risk pools
- 05
Family-office self-insurance
- 06
Insurance-linked securities
Ongoing obligations
- 01
PCC core licensed by the FSC
- 02
Cells carrying regulated activities are subject to the applicable FSC approval/licensing requirements
- 03
Financial reporting and audit requirements apply in accordance with the PCC's underlying regulated activity and applicable legislation.
- 04
Statutory ring-fencing observed in practice
- 05
FSC and prudential reporting
- 06
Cell insurance licensing compliance
Designed For
Captive insurance groups
Self-insurance vehicles with separate risk pools per entity.
Multi-strategy CIS
Collective investment schemes with segregated sub-portfolios.
Structured finance
Risk isolation across multiple SPVs within one legal entity.
Family-office captives
Cost-efficient in-house insurance for family groups.
How AcuFin supports it
Common questions
Get started
Speak with our Fund Structuring Team
From Protected Cell Company formation to cell allocation, we'll design the segregated structure that fits your investment strategy.