Directors Registration and Licensing (Amendment) Law, 2015

Gazette No. 34 dated 8th May, 2015.

THE DIRECTORS REGISTRATION AND LICENSING (AMENDMENT) LAW, 2015

(LAW 5 OF 2015)

Law 5 of 2015.

I Assent

Helen Kilpatrick

Governor.

29th April, 2015

A LAW TO AMEND THE DIRECTORS REGISTRATION AND LICENSING LAW, 2014, LAW 10 OF 2014; TO MAKE PROVISION FOR AN APPEAL TO BE MADE AGAINST THE CANCELLATION OR SUSPENSION OF REGISTRATION AND THE REVOCATION AND SUSPENSION OF A LICENCE; TO AMEND THE SCHEDULE; AND FOR INCIDENTAL AND CONNECTED PURPOSES ENACTED by the Legislature of the Cayman Islands. This Law may be cited as the Directors Registration and Licensing (Amendment) Law, 2015. The Directors Registration and Licensing Law, 2014, Law 10 of 2014, is amended in section 27 by repealing subsection (5) and substituting the following subsection - “(5) Where the Authority cancels or suspends registration, or revokes or suspends a licence, a registered director, professional director or corporate director may, within twenty-one days of the effective date of the cancellation, suspension or revocation, appeal to the Grand Court against the decision of the Authority to cancel or suspend registration, or revoke or suspend the licence but the appeal shall not suspend the execution of the decision.”. Short title Amendment of section 27 of the Directors Registration and Licensing Law, 2014, Law 10 of 2014 - appeals

The Directors Registration and Licensing Law, 2014, Law 10 of 2014, is amended in the Schedule by - (a) deleting “Section 9” and substituting “Section 16(2)”; (b) deleting the full stop at the end of paragraph 14; and (c) inserting after paragraph 14 the following paragraph - “15. Jersey Financial Services Commission (JFSC).”.

Passed by the Legislative Assembly the 17th day of April, 2015.

Juliana Y. O’Connor-Connolly

Speaker.

Zena Merren-Chin

Clerk of the Legislative Assembly. Amendment of the Schedule of the Directors Registration and Licensing Law, 2014, Law 10 of 2014 - list of Overseas Regulatory Authorities