A segregated fund International Company is regarded/considered in law as a single legal person. The Company is permitted to establish as many “Segregated Funds” with their assets and liabilities held separately from all other assets and liabilities of the company. A “Segregated Fund” is not regarded as a legal person separate from the Company.
Incorporation: A Trustee Company may apply to the Registrar: To incorporate a Segregated Fund International Company; or to register an existing International Company as a Segregated Fund International Company if authorized by its memorandum; or To register a Segregated Fund International Company by way of continuance.
Requirement: In addition to requirements under the International Companies Act 1987 the memorandum shall state:
- It is a segregated fund international Company
- Each Segregated fund that is created will bear its own distinctive name or designation
- The name of the trustee company to be the first registered segregated fund manager