S.L. 386.14 Art. 11Status of an incorporated cell.

(1) An incorporated cell is a limited liability company with separate legal personality.

(2) An incorporated cell is not a subsidiary of its incorporated cell company solely by virtue of the fact of it being an incorporated cell of its incorporated cell company.

(3) An incorporated cell may not itself be an incorporated cell company or a segregated multi-fund company.

(4) An incorporated cell established in terms of regulation 9 may be a SICAV or an investment company with fixed share capital.

(5) An incorporated cell shall have the same registered office as its incorporated cell company at all times.

(6) Without prejudice to the requirements of article 6 of the Act, an incorporated cell company and an incorporated cell shall also indicate in a suitable manner in all of their business letters and forms that they are an incorporated cell company or an incorporated cell, as applicable.