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A PCC provides flexibility and security for international investment structuring. It is a single legal entity that can divide its assets between different cells within the company. When sub-divided, the assets of each cell are deemed to be entirely separate from each other and the creditors of a cell only have recourse against that particular cell.
A PCC may carry out either of the following qualified global business activities:
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Asset holding
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Collective investment schemes
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Insurance business
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Specialised collective investment schemes
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Structured finance business
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