Incorporated Cell Company (ICC) Regulations

The Board of Directors of the DIFCA, in the exercise of the powers conferred on them under Article 132 and Article 151 of the Companies Law 2018, hereby makes these Regulations. 

1. INTRODUCTION 

1.1 Application and interpretation 

1.1.1

These Regulations apply to: 

(a) a person applying to incorporate an Incorporated Cell Company or an Incorporated Cell of such a Company;  

(b) an Incorporated Cell Company (ICC); 

(c) an Incorporated Cell of an ICC; 

(d) a Fund Manager that incorporates or uses an Incorporated Cell Company to conduct Fund business;  

(e) an Insurer that incorporates or uses an Incorporated Cell Company to conduct Insurance Business; and    

(f) an Officer of an Incorporated Cell Company, an Incorporated Cell, a Fund Manager, or an Insurer referred to in Regulations 1.1.1(b) to (e) above.   

1.1.2

Capitalised terms are defined terms in: 

(a) the Companies Law of 2018 (“the Law”) or Regulations made under the Law;  

(b) the Regulatory Law 2004 (“the Regulatory Law”) and Rules made under that law;  

(c) the Collective Investment Law 2010 (“the Collective Investment Law”) and Rules made under that law; and 

(d) the Insol...