Section 216Part 14 — Segregated Portfolio Companies
Segregated portfolios
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A segregated portfolio company may create one or more segregated portfolios in order to segregate the assets and liabilities of the segregated portfolio company held within or on behalf of a segregated portfolio from the assets and liabilities of the segregated portfolio company held within or on behalf of any other segregated portfolio of the segregated portfolio company or the assets and liabilities of the segregated portfo lio company which are not held within or on behalf of any segregated portfolio of the segregated portfolio company.
A segregated portfolio company shall be a single legal entity and any segregated portfolio of or within a segregated portfolio company s hall not constitute a legal entity separate from the segregated portfolio company.
Each segregated portfolio shall be separately identified or designated and shall include in such identification or designation the words “Segregated Portfolio” or “SP” o r “S.P.”.