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AND FOR INCIDENTAL AND CONNECTED PURPOSES\nENACTED by the Legislature of the Cayman Islands.\n1.\nShort title\n1.\nThis Act may be cited as the Securities Investment Business (Amendment) Act, 2023.\n\n(Act 6 of 2023)\nI Assent,\nJane Owen\nGovernor\nDate: 16th day of May, 2023\n\nSection 2\nSecurities Investment Business (Amendment) Act, 2023\n\nPage 4\nAct 6 of 2023\nc\n\n2.\nAmendment of section 2 of the Securities Investment Business Act (2020\nRevision) \u2013 definitions\n2.\nThe Securities Investment Business Act (2020 Revision) is amended in section 2 by\nrepealing the section heading and substituting the following section heading \u2014\n\n\u201cInterpretation\u201d.\n3.\nAmendment of section 37 of the Securities Investment Business Act (2020\nRevision) - offences by corporations\n3.\nThe Securities Investment Business Act (2020 Revision) is amended in section 37 as\nfollows \u2014\n(a)\nby repealing the section heading and substituting the following section\nheading \u2014\n\u201cOffences by corporations, partnerships, limited liability\npartnerships etc.\u201d; and\n(b) by inserting after subsection (2) the following subsections \u2014\n\u201c(3) Where an offence under this Act is committed by a partnership, a\nlimited liability partnership or an exempted limited partnership and\nit is proved that the offence \u2014\n(a)\nwas committed with the consent or connivance of; or\n(b) is attributable to any neglect on the part of,\na partner concerned in the management or control of a partnership or\na limited liability partnership, or a partner who takes part in the\nconduct of the business of an exempted limited partnership, that\npartner as well as the partnership, the limited liability partnership or\nthe exempted limited partnership, as applicable, commits the offence\nand is liable to be proceeded against and punished accordingly.\n\nSecurities Investment Business (Amendment) Act, 2023\nSection 3\n\nc\nAct 6 of 2023\nPage 5\n\n(4) Where an offence under this Act is committed by an unincorporated\nassociation other than a partnership, a limited liability partnership or\nan exempted limited partnership and it is proved that the offence \u2014\n(a)\nwas committed with the consent or connivance of; or\n(b) is attributable to neglect on the part of,\na person concerned in the management or control of the\nunincorporated association, that person, as well as the unincorporated\nassociation, commits the offence and is liable to be proceeded against\nand punished accordingly.\u201d.\nPassed by the Parliament the 28th day of April, 2023.\nHon. Katherine Ebanks-Wilks\nSpeaker\nZena Merren-Chin\nClerk of the Parliament","akn_extracted_at":"2026-06-22 15:42:11.429829+00","cms_id":"2023-0006","law_type":"amending","year":"2023","number":"6","title":"Securities Investment Business (Amendment) Act, 2023 (Act 6 of 2023)","status":"in_force"},"provenance":{"files":[{"file_id":"6470","expr_id":"1630","kind":"akn_xml","filename":"2023-0006.akn.xml","source_url":null,"storage_path":"\/Users\/q\/kyleg-data\/working\/AMENDING\/2023\/2023-0006\/2023-0006.akn.xml","content_md5":"6337c1899553b1e77adfd6c2c2fe43fd","byte_size":"5941","http_last_modified":null,"fetched_at":"2026-06-22 15:42:11.480562+00"},{"file_id":"3259","expr_id":"1630","kind":"pristine_pdf","filename":"2023-0006.pdf","source_url":"\/cms\/images\/LEGISLATION\/AMENDING\/2023\/2023-0006\/2023-0006.pdf","storage_path":"\/Users\/q\/kyleg-data\/pristine\/AMENDING\/2023\/2023-0006\/2023-0006.pdf","content_md5":"0e128768d9a6b8406da8482437efe5d4","byte_size":"423137","http_last_modified":null,"fetched_at":"2026-06-21 23:09:37.968989+00"},{"file_id":"3260","expr_id":"1630","kind":"working_pdf","filename":"2023-0006.pdf","source_url":"\/cms\/images\/LEGISLATION\/AMENDING\/2023\/2023-0006\/2023-0006.pdf","storage_path":"\/Users\/q\/kyleg-data\/working\/AMENDING\/2023\/2023-0006\/2023-0006.pdf","content_md5":"0e128768d9a6b8406da8482437efe5d4","byte_size":"423137","http_last_modified":null,"fetched_at":"2026-06-21 23:09:37.968989+00"}],"paragraph_count":7,"latest_history":null},"quality":{"expr_id":"1630","doc_id":"1630","quality_state":"needs_review","quality_score":"84","needs_human_review":"t","deterministic_categories":"{duplicate_text,page_header_footer_noise}","llm_categories":"{}","repair_actions":"{collapse_duplicate_text,strip_page_furniture}","finding_severity_counts":"{\"low\": 1, \"medium\": 1}","finding_summary":"repeated line furniture detected: act 6 of 2023 x7; securities investment business amendment act 2023 x3; duplicate-line ratio is 16.05%","assessed_at":"2026-06-22 15:29:46.643623+00","updated_at":"2026-06-22 15:29:46.643623+00"}}