{"kind":"expression","expression":{"expr_id":"1546","doc_id":"1546","label":"Companies (Amendment) (No. 3) Act, 2020 (Act 60 of 2020)","is_as_enacted":"f","commenced_on":null,"superseded_on":null,"valid_from":null,"valid_to":null,"is_current":"t","incorporating":null,"akn_expr_iri":"\/akn\/ky\/act\/amending\/2020\/60\/eng@2020-01-01","akn_envelope":"{\"_canary\": {\"iri\": {\"work\": \"\/akn\/ky\/act\/amending\/2020\/60\", \"expression\": \"\/akn\/ky\/act\/amending\/2020\/60\/eng@2020-01-01\", \"manifestation\": \"\/akn\/ky\/act\/amending\/2020\/60\/eng@2020-01-01.pdf\"}, \"pdf\": {\"md5\": \"e3c67b9ba1c87f8bbf090f4b9b2e1124\", \"path\": \"\/Users\/q\/kyleg-data\/working\/AMENDING\/2020\/2020-0060\/2020-0060.pdf\", \"pages\": 8, \"filename\": \"2020-0060.pdf\"}, \"errors\": [], \"extraction\": {\"model\": null, \"stats\": {\"word_count\": 1049, \"paragraph_count\": 9, \"text_char_count\": 6963}, \"usage\": null, \"method\": \"pymupdf-text\", \"version\": \"kyleg-akn-1.0\", \"extracted_at\": \"2026-06-22\"}, \"classification\": \"text_layer\", \"validation_flags\": [], \"docai_processor_id\": null}, \"akomaNtoso\": {\"act\": {\"body\": [{\"eId\": \"sec_n1\", \"num\": null, \"text\": \"2. Amendment of section 2 of the Companies Act (2020 Revision) \u2013 definitions and 3. 4. Amendment of section 41 - annual list of members and return of capital, shares, calls, 5. 6. 7. Amendment of section 263 - disclosure of beneficial ownership information by the 8. Companies (Amendment) (No. 3) Act, 2020 COMPANIES (AMENDMENT) (NO. 3) ACT, 2020 AN ACT TO AMEND THE COMPANIES ACT (2020 REVISION) TO INCLUDE THE CUSTOMS AND BORDER CONTROL SERVICE IN THE LIST OF ENTITIES WHICH MAY REQUEST INFORMATION FROM THE REGISTRAR; TO REPEAL SECTIONS OF THE ACT RELATING TO BEARER SHARES; TO ADJUST REFERENCES TO THE LIST OF EQUIVALENT JURISDICTIONS PUBLISHED UNDER THE ANTI-MONEY LAUNDERING REGULATIONS (2020 REVISION); TO REQUIRE COMPANIES TO MAINTAIN AND FILE WITH THE REGISTRAR, INFORMATION ON THE NATURE OF ITS BUSINESS; AND FOR INCIDENTAL AND CONNECTED PURPOSES ENACTED by the Legislature of the Cayman Islands.\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_1\", \"num\": \"1.\", \"text\": \"Short title and commencement 1. (1) This Act may be cited as the Companies (Amendment) (No. 3) Act, 2020. (2) This Act shall come into force on such date as may be appointed by Order made by the Cabinet and different dates may be appointed for different provisions of this Act and in relation to different matters.\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_2\", \"num\": \"2.\", \"text\": \"Amendment of section 2 of the Companies Act (2020 Revision) \u2013 definitions and interpretation 2. The Companies Act (2020 Revision), in this Act referred to as the \u201cprincipal Act\u201d, is amended in section 2(1) by repealing the definition of the word \u201ccustodian\u201d. I Assent, Martyn Roper Governor Date: 6th day of January, 2021 Companies (Amendment) (No. 3) Act, 2020\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_3\", \"num\": \"3.\", \"text\": \"Amendment of section 26A - Registrar to provide information 3. The principal Act is amended in section 26A(2) as follows \u2014 (a) by inserting after paragraph (b) the following paragraph \u2014 \u201c(ba) the Customs and Border Control Service established under section 3 of the Customs and Border Control Act, 2018;\u201d; and (b) by repealing paragraph (f) and substituting the following paragraph \u2014 \u201c(f) a competent authority as defined under section 2(1) of the Proceeds of Crime Act (2020 Revision).\u201d.\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_4\", \"num\": \"4.\", \"text\": \"Amendment of section 41 - annual list of members and return of capital, shares, calls, etc. 4. The principal Act, is amended in section 41 as follows \u2014 (a) in paragraph (g), by deleting the word \u201cand\u201d appearing at the end of the paragraph; (b) in paragraph (h), by deleting the words \u201cthey hold,\u201d and substituting the words \u201cthey hold; and\u201d; and (c) by inserting after paragraph (h), the following paragraph \u2014 \u201c(i) nature of the business,\u201d.\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_5\", \"num\": \"5.\", \"text\": \"Repeal and substitution of Part XV - custody, etc. of bearer shares 5. The principal Act is amended by repealing Part XV and substituting the following Part \u2014 \u201cPart XV - Prohibition on Bearer Shares 3. \u201cIssue of bearer shares prohibited 229. (1) Notwithstanding any provision in this Act to the contrary, a company incorporated under this Act shall not issue bearer shares. (2) In relation to a company which has been struck off the companies register, subsection (1) applies to that company if the company is reinstated. (3) An order of the Court shall not permit a company which has been struck off the companies register to be reinstated with bearer shares in issue. (4) Bearer shares issued prior to the commencement of the Companies (Amendment) (No. 3) Act, 2020 or issued contrary to subsection (1) shall be void.\u201d. Companies (Amendment) (No. 3) Act, 2020\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_6\", \"num\": \"6.\", \"text\": \"Amendment of section 245 - application 6. The principal Act is amended in section 245 \u2014 (a) in subsection (1), by repealing paragraph (d) and substituting the following paragraph \u2014 \u201c(d) regulated in a jurisdiction that is designated as having measures for combating money laundering and the financing of terrorism which are equivalent to that of the Islands in accordance with section 5(2) of the Proceeds of Crime Act (2020 Revision)\u201d; and (b) in subsection (2)(b), by deleting the words \u201cincluded in the list published in the Gazette and referred to in regulations 22(d) and 23(1) of the AntiMoney Laundering Regulations (2020 Revision)\u201d and substituting the words \u201cdesignated as having measures for combating money laundering and the financing of terrorism which are equivalent to that of the Islands in accordance with section 5(2) of the Proceeds of Crime Act (2020 Revision)\u201d.\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_7\", \"num\": \"7.\", \"text\": \"Amendment of section 263 - disclosure of beneficial ownership information by the Cayman Islands Monetary Authority 7. The principal Act is amended in section 263 by repealing subsection (1) and substituting the following subsection \u2014 \u201c(1) Notwithstanding section 245(1), the Cayman Islands Monetary Authority may, on the request of the competent authority, disclose any information \u2014 (a) relating to a company or a subsidiary of a company which is exempt from this Part pursuant to sections 245(1)(b),(c), (e) or (f); and (b) that the company or subsidiary which is exempt from this Part pursuant to sections 245(1)(b),(c), (e) or (f) would be required to provide under this Part as required particulars, if this Part applied to that company or subsidiary.\u201d. Companies (Amendment) (No. 3) Act, 2020\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_8\", \"num\": \"8.\", \"text\": \"Amendment of section 279A - request for additional information 8. The principal Act is amended in section 279A by repealing subsection (3). Passed by the Parliament the 16th day of December, 2020. Hon. W. McKeeva Bush Speaker Zena Merren-Chin Clerk of the Parliament\", \"element\": \"section\", \"heading\": null}], \"meta\": {\"notes\": null, \"workflow\": null, \"lifecycle\": {\"source\": \"#cilegis\", \"eventRef\": [{\"eId\": \"e_commence_2020_01_01\", \"date\": \"2020-01-01\", \"type\": \"generation\", \"source\": \"#cilegis\"}]}, \"references\": {\"source\": \"#canary\", \"TLCRole\": [], \"TLCEvent\": [{\"eId\": \"ev_commencement\", \"href\": \"\/akn\/ontology\/canary\/event\/commencement\", \"showAs\": \"commencement\"}], \"TLCPerson\": [], \"TLCConcept\": [{\"eId\": \"inForce\", \"href\": \"\/akn\/ontology\/canary\/concept\/temporal\/in-force\", \"showAs\": \"in force\"}], \"TLCProcess\": [], \"TLCLocation\": [], \"TLCOrganization\": [{\"eId\": \"cilegis\", \"href\": \"\/akn\/ontology\/canary\/organization\/editor\/cilegis\", \"showAs\": \"Cayman Islands legislation mirror (kyleg)\"}]}, \"temporalData\": {\"source\": \"#cilegis\", \"temporalGroup\": [{\"eId\": \"tg_inforce_2020_01_01\", \"timeInterval\": [{\"end\": null, \"start\": \"#e_commence_2020_01_01\", \"duration\": null, \"refersTo\": \"#inForce\"}]}]}, \"classification\": null, \"identification\": {\"source\": \"#cilegis\", \"FRBRWork\": {\"FRBRuri\": \"\/akn\/ky\/act\/amending\/2020\/60\", \"FRBRdate\": [{\"date\": \"2020-01-01\", \"name\": \"generation\"}], \"FRBRthis\": \"\/akn\/ky\/act\/amending\/2020\/60\/!main\", \"FRBRalias\": [{\"name\": \"cmsId\", \"value\": \"2020-0060\"}], \"FRBRauthor\": [{\"as\": \"#editor\", \"href\": \"\/akn\/ontology\/canary\/organization\/editor\/cilegis\"}], \"FRBRnumber\": \"60 of 2020\", \"FRBRcountry\": \"ky\", \"FRBRsubtype\": \"amending\"}, \"FRBRExpression\": {\"FRBRuri\": \"\/akn\/ky\/act\/amending\/2020\/60\/eng@2020-01-01\", \"FRBRdate\": [{\"date\": \"2020-01-01\", \"name\": \"generation\"}], \"FRBRthis\": \"\/akn\/ky\/act\/amending\/2020\/60\/eng@2020-01-01\/!main\", \"FRBRauthor\": [{\"as\": \"#editor\", \"href\": \"\/akn\/ontology\/canary\/organization\/editor\/cilegis\"}], \"FRBRlanguage\": \"eng\"}, \"FRBRManifestation\": {\"FRBRuri\": \"\/akn\/ky\/act\/amending\/2020\/60\/eng@2020-01-01.xml\", \"FRBRdate\": [{\"date\": \"2026-06-22\", \"name\": \"generation\"}], \"FRBRthis\": \"\/akn\/ky\/act\/amending\/2020\/60\/eng@2020-01-01.xml\", \"FRBRauthor\": [{\"as\": \"#editor\", \"href\": \"\/akn\/ontology\/canary\/organization\/editor\/cilegis\"}], \"FRBRformat\": \"application\/xml\"}}}, \"name\": \"act\", \"header\": {\"title\": \"Companies (Amendment) (No. 3) Act, 2020 (Act 60 of 2020)\", \"actNumber\": \"60 of 2020\", \"longTitle\": null}}, \"doc\": null, \"bill\": null, \"judgment\": null}}","akn_full_text":"CAYMAN ISLANDS\n\nCOMPANIES (AMENDMENT) (NO. 3) ACT,\n2020\n(Act 60 of 2020)\nSupplement No. 4 published with Legislation Gazette No. 1 dated 7th January, 2021.\n\u2000\n\nPage 2\nAct 60 of 2020\nc\n\nPUBLISHING DETAILS\n\nCompanies (Amendment) (No. 3) Act, 2020\nArrangement of Sections\n\nc\nAct 60 of 2020\nPage 3\n\nCAYMAN ISLANDS\n\nCOMPANIES (AMENDMENT) (NO. 3) ACT, 2020\n(Act 60 of 2020)\nArrangement of Sections\nSection\nPage\n1.\nShort title and commencement ..................................................................................................5\n2.\nAmendment of section 2 of the Companies Act (2020 Revision) \u2013 definitions and\ninterpretation..............................................................................................................................5\n3.\nAmendment of section 26A - Registrar to provide information ....................................................6\n4.\nAmendment of section 41 - annual list of members and return of capital, shares, calls,\netc. ............................................................................................................................................6\n5.\nRepeal and substitution of Part XV - custody, etc. of bearer shares ...........................................6\n6.\nAmendment of section 245 - application ....................................................................................7\n7.\nAmendment of section 263 - disclosure of beneficial ownership information by the\nCayman Islands Monetary Authority ..........................................................................................7\n8.\nAmendment of section 279A - request for additional information ................................................8\n\nCompanies (Amendment) (No. 3) Act, 2020\nSection 1\n\nc\nAct 60 of 2020\nPage 5\n\nCAYMAN ISLANDS\n\nCOMPANIES (AMENDMENT) (NO. 3) ACT, 2020\n(Act 60 of 2020)\nAN ACT TO AMEND THE COMPANIES ACT (2020 REVISION) TO INCLUDE THE\nCUSTOMS AND BORDER CONTROL SERVICE IN THE LIST OF ENTITIES WHICH MAY\nREQUEST INFORMATION FROM THE REGISTRAR; TO REPEAL SECTIONS OF THE\nACT RELATING TO BEARER SHARES; TO ADJUST REFERENCES TO THE LIST OF\nEQUIVALENT JURISDICTIONS PUBLISHED UNDER THE ANTI-MONEY LAUNDERING\nREGULATIONS (2020 REVISION); TO REQUIRE COMPANIES TO MAINTAIN AND FILE\nWITH THE REGISTRAR, INFORMATION ON THE NATURE OF ITS BUSINESS; AND\nFOR INCIDENTAL AND CONNECTED PURPOSES\nENACTED by the Legislature of the Cayman Islands.\n1.\nShort title and commencement\n1.\n(1) This Act may be cited as the Companies (Amendment) (No. 3) Act, 2020.\n(2) This Act shall come into force on such date as may be appointed by Order made\nby the Cabinet and different dates may be appointed for different provisions of\nthis Act and in relation to different matters.\n2.\nAmendment of section 2 of the Companies Act (2020 Revision) \u2013 definitions\nand interpretation\n2.\nThe Companies Act (2020 Revision), in this Act referred to as the \u201cprincipal Act\u201d, is\namended in section 2(1) by repealing the definition of the word \u201ccustodian\u201d.\n(Act 60 of 2020)\nI Assent,\nMartyn Roper\nGovernor\nDate: 6th day of January, 2021\n\nSection 3\nCompanies (Amendment) (No. 3) Act, 2020\n\nPage 6\nAct 60 of 2020\nc\n\n3.\nAmendment of section 26A - Registrar to provide information\n3.\nThe principal Act is amended in section 26A(2) as follows \u2014\n(a)\nby inserting after paragraph (b) the following paragraph \u2014\n\u201c(ba) the Customs and Border Control Service established under\nsection 3 of the Customs and Border Control Act, 2018;\u201d; and\n(b) by repealing paragraph (f) and substituting the following paragraph \u2014\n\u201c(f) a competent authority as defined under section 2(1) of the\nProceeds of Crime Act (2020 Revision).\u201d.\n4.\nAmendment of section 41 - annual list of members and return of capital,\nshares, calls, etc.\n4.\nThe principal Act, is amended in section 41 as follows \u2014\n(a)\nin paragraph (g), by deleting the word \u201cand\u201d appearing at the end of the\nparagraph;\n(b) in paragraph (h), by deleting the words \u201cthey hold,\u201d and substituting the\nwords \u201cthey hold; and\u201d; and\n(c)\nby inserting after paragraph (h), the following paragraph \u2014\n\u201c(i) nature of the business,\u201d.\n5.\nRepeal and substitution of Part XV - custody, etc. of bearer shares\n5.\nThe principal Act is amended by repealing Part XV and substituting the following\nPart \u2014\n\u201cPart XV - Prohibition on Bearer Shares\n3.\n\u201cIssue of bearer shares prohibited\n229. (1) Notwithstanding any provision in this Act to the contrary, a company\nincorporated under this Act shall not issue bearer shares.\n(2) In relation to a company which has been struck off the companies\nregister, subsection (1) applies to that company if the company is\nreinstated.\n(3) An order of the Court shall not permit a company which has been\nstruck off the companies register to be reinstated with bearer shares\nin issue.\n(4) Bearer shares issued prior to the commencement of the Companies\n(Amendment) (No. 3) Act, 2020 or issued contrary to subsection (1)\nshall be void.\u201d.\n\nCompanies (Amendment) (No. 3) Act, 2020\nSection 6\n\nc\nAct 60 of 2020\nPage 7\n\n6.\nAmendment of section 245 - application\n6.\nThe principal Act is amended in section 245 \u2014\n(a)\nin subsection (1), by repealing paragraph (d) and substituting the following\nparagraph \u2014\n\u201c(d) regulated in a jurisdiction that is designated as having measures\nfor combating money laundering and the financing of terrorism\nwhich are equivalent to that of the Islands in accordance with\nsection 5(2) of the Proceeds of Crime Act (2020 Revision)\u201d; and\n(b) in subsection (2)(b), by deleting the words \u201cincluded in the list published\nin the Gazette and referred to in regulations 22(d) and 23(1) of the AntiMoney Laundering Regulations (2020 Revision)\u201d and substituting the\nwords \u201cdesignated as having measures for combating money laundering\nand the financing of terrorism which are equivalent to that of the Islands\nin accordance with section 5(2) of the Proceeds of Crime Act (2020\nRevision)\u201d.\n7.\nAmendment of section 263 - disclosure of beneficial ownership information\nby the Cayman Islands Monetary Authority\n7.\nThe principal Act is amended in section 263 by repealing subsection (1) and\nsubstituting the following subsection \u2014\n\u201c(1) Notwithstanding section 245(1), the Cayman Islands Monetary\nAuthority may, on the request of the competent authority, disclose\nany information \u2014\n(a)\nrelating to a company or a subsidiary of a company which is\nexempt from this Part pursuant to sections 245(1)(b),(c), (e) or\n(f); and\n(b) that the company or subsidiary which is exempt from this Part\npursuant to sections 245(1)(b),(c), (e) or (f) would be required\nto provide under this Part as required particulars, if this Part\napplied to that company or subsidiary.\u201d.\n\nSection 8\nCompanies (Amendment) (No. 3) Act, 2020\n\nPage 8\nAct 60 of 2020\nc\n\n8.\nAmendment of section 279A - request for additional information\n8.\nThe principal Act is amended in section 279A by repealing subsection (3).\n\nPassed by the Parliament the 16th day of December, 2020.\nHon. W. McKeeva Bush\nSpeaker\nZena Merren-Chin\nClerk of the Parliament","akn_extracted_at":"2026-06-22 15:41:23.59289+00","cms_id":"2020-0060","law_type":"amending","year":"2020","number":"60","title":"Companies (Amendment) (No. 3) Act, 2020 (Act 60 of 2020)","status":"spent"},"provenance":{"files":[{"file_id":"6387","expr_id":"1546","kind":"akn_xml","filename":"2020-0060.akn.xml","source_url":null,"storage_path":"\/Users\/q\/kyleg-data\/working\/AMENDING\/2020\/2020-0060\/2020-0060.akn.xml","content_md5":"194c26550d421c5a5f5f27204b18504a","byte_size":"9001","http_last_modified":null,"fetched_at":"2026-06-22 15:41:23.658953+00"},{"file_id":"3091","expr_id":"1546","kind":"pristine_pdf","filename":"2020-0060.pdf","source_url":"\/cms\/images\/LEGISLATION\/AMENDING\/2020\/2020-0060\/2020-0060.pdf","storage_path":"\/Users\/q\/kyleg-data\/pristine\/AMENDING\/2020\/2020-0060\/2020-0060.pdf","content_md5":"e3c67b9ba1c87f8bbf090f4b9b2e1124","byte_size":"766409","http_last_modified":null,"fetched_at":"2026-06-16 04:01:10.837856+00"},{"file_id":"3092","expr_id":"1546","kind":"working_pdf","filename":"2020-0060.pdf","source_url":"\/cms\/images\/LEGISLATION\/AMENDING\/2020\/2020-0060\/2020-0060.pdf","storage_path":"\/Users\/q\/kyleg-data\/working\/AMENDING\/2020\/2020-0060\/2020-0060.pdf","content_md5":"e3c67b9ba1c87f8bbf090f4b9b2e1124","byte_size":"766409","http_last_modified":null,"fetched_at":"2026-06-16 04:01:10.837856+00"}],"paragraph_count":2,"latest_history":null},"quality":{"expr_id":"1546","doc_id":"1546","quality_state":"needs_review","quality_score":"80","needs_human_review":"t","deterministic_categories":"{commencement_metadata_problem,duplicate_text,page_header_footer_noise}","llm_categories":"{}","repair_actions":"{collapse_duplicate_text,strip_page_furniture,verify_commencement_metadata}","finding_severity_counts":"{\"low\": 2, \"medium\": 1}","finding_summary":"repeated line furniture detected: cayman islands x3; act 60 of 2020 x10; companies amendment no 3 act 2020 x7; duplicate-line ratio is 14.18%","assessed_at":"2026-06-22 15:29:46.286414+00","updated_at":"2026-06-22 15:29:46.286414+00"}}