261. Protected Cell Companies

(1) Subject to subsection (2), the provisions of these Regulations shall apply to a Protected Cell Company.
(2) These Regulations shall apply to a Protected Cell Company, except where the context requires, with the following modifications —
(a) Part 1 (Administration) and Part 2 (Receivership) of these Regulations shall not apply to a Protected Cell Company;
(b) the modifications contained in the provisions of Schedule 11 (Supplemental provisions applicable to Protected Cell Companies);
(c) references to a Company shall include references to a Protected Cell Company; and
(d) such further modifications as the context requires for the purpose of giving effect to these Regulations as applied by this Section.