Guernsey Finance Chief Executive Dominic Wheatley reflects
on Guernsey's success with PCC funds and the region's
innovative spirit.
Other jurisdictions have changed the name in an attempt to
differentiate, but effectively all cell company legislation
globally has been based on that which was originally formulated in
Guernsey 20 years ago.
Indeed, when talking about Guernsey's success stories in the
world of financial services, few can match our pioneering
introduction of the protected cell company (PCC) back in 1997.
The legislation, the Protected Cell Companies Ordinance, 1997,
is widely-regarded as Guernsey's go-to example for financial
innovation – a reputation we maintain to this day with
products such as the Manager Led Product and the Private Investment
Fund launching in the past year, and the island being home to the
first commercial deployment of blockchain technology in the private
equity market back in February.
