ARTICLE · 03 SEPTEMBER 2015

Protected Cell Structures

MFSA – Malta Financial Services Authority

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As part of Malta's drive to introduce capital markets activity, legislation for Re-insurance Special Purpose Vehicles was enacted and the PCC concept was extended to the Reinsurance Special Purpose Vehicles.

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MFSA – Malta Financial Services Authority

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As part of Malta's drive to introduce capital markets activity, legislation for Re-insurance Special Purpose Vehicles was enacted and the PCC concept was extended to the Reinsurance Special Purpose Vehicles. The new regulations - the Securitisation Cell Companies Regulations (S.L.386.16), continue to build on the Protected Cell concept by adapting and extending the protected cell company structure to cater for securitisation activity. The legislation leverages on Malta's experience in legislating for cells in other sectors including the investment funds and insurance sectors, where dedicated cell legislation notably contributed to Malta's growth in financial services.

Authorisations Unit Director Angele Galea St John detailed these new developments in an interview to the Cell Company Guide 2015, published by Captive Review.

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