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This Act may be cited as the Virtual Asset (Service Providers) (Amendment) Act, 2023.\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_2\", \"num\": \"2.\", \"text\": \"Amendment of section 2 of the Virtual Asset (Service Providers) Act (2022 Revision) - interpretation 2. The Virtual Asset (Service Providers) Act (2022 Revision) is amended in section 2 by inserting in the appropriate alphabetical sequence the following definitions \u2014 \u201c \u201cexempted limited partnership\u201d has the meaning assigned by section 2 of the Exempted Limited Partnership Act (2021 Revision); I Assent, Jane Owen Governor Date: 16th day of May, 2023 Virtual Asset (Service Providers) (Amendment) Act, 2023 \u201climited liability partnership\u201d means a limited liability partnership registered under section 18(4) or 33(4) of the Limited Liability Partnership Act (2021 Revision); and \u201cpartnership\u201d has the meaning assigned by section 3 of the Partnership Act (2013 Revision);\u201d.\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_3\", \"num\": \"3.\", \"text\": \"Amendment of section 36 of the Virtual Asset (Service Providers) Act (2022 Revision) \u2013 offences by corporations 3. The Virtual Asset (Service Providers) Act (2022 Revision) is amended in section 36 as follows \u2014 (a) by repealing the section heading and substituting the following section heading \u2014 \u201cOffences by corporations, partnerships, limited liability partnerships, etc.\u201d; and (b) by inserting after subsection (2) the following subsections \u2014 \u201c(3) Where an offence under this Act is committed by a partnership, a limited liability partnership or an exempted limited partnership and it is proved that the offence \u2014 (a) was committed with the consent or connivance of; or (b) is attributable to any neglect on the part of, a partner concerned in the management or control of a partnership or a limited liability partnership, or a partner who takes part in the conduct of the business of an exempted limited partnership, that partner, as well as the partnership, the limited liability partnership or the exempted limited partnership, as applicable, commits the offence and is liable to be proceeded against and punished accordingly. Virtual Asset (Service Providers) (Amendment) Act, 2023 (4) Where an offence under this Act is committed by an unincorporated association other than a partnership, a limited liability partnership or an exempted limited partnership and it is proved that the offence \u2014 (a) was committed with the consent or connivance of; or (b) is attributable to neglect on the part of, a person concerned in the management or control of the unincorporated association, that person, as well as the unincorporated association, commits the offence and is liable to be proceeded against and punished accordingly.\u201d. Passed by the Parliament the 28th day of April, 2023. Hon. 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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 Virtual Asset (Service Providers) (Amendment) Act,\n2023.\n2.\nAmendment of section 2 of the Virtual Asset (Service Providers) Act (2022\nRevision) - interpretation\n2.\nThe Virtual Asset (Service Providers) Act (2022 Revision) is amended in section 2 by\ninserting in the appropriate alphabetical sequence the following definitions \u2014\n\u201c \u201cexempted limited partnership\u201d has the meaning assigned by\nsection 2 of the Exempted Limited Partnership Act (2021 Revision);\n(Act 7 of 2023)\nI Assent,\nJane Owen\nGovernor\nDate: 16th day of May, 2023\n\nSection 3\nVirtual Asset (Service Providers) (Amendment) Act, 2023\n\nPage 4\nAct 7 of 2023\nc\n\n\u201climited liability partnership\u201d means a limited liability partnership\nregistered under section 18(4) or 33(4) of the Limited Liability\nPartnership Act (2021 Revision); and\n\u201cpartnership\u201d has the meaning assigned by section 3 of the\nPartnership Act (2013 Revision);\u201d.\n3.\nAmendment of section 36 of the Virtual Asset (Service Providers) Act (2022\nRevision) \u2013 offences by corporations\n3.\nThe Virtual Asset (Service Providers) Act (2022 Revision) is amended in section 36\nas follows \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\nVirtual Asset (Service Providers) (Amendment) Act, 2023\nSection 3\n\nc\nAct 7 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 15:42:15.361813+00","cms_id":"2023-0007","law_type":"amending","year":"2023","number":"7","title":"Virtual Asset (Service Providers) (Amendment) Act, 2023 (Act 7 of 2023)","status":"spent"},"provenance":{"files":[{"file_id":"6471","expr_id":"1631","kind":"akn_xml","filename":"2023-0007.akn.xml","source_url":null,"storage_path":"\/Users\/q\/kyleg-data\/working\/AMENDING\/2023\/2023-0007\/2023-0007.akn.xml","content_md5":"8384085d072a390ebc1a48020b193af8","byte_size":"6370","http_last_modified":null,"fetched_at":"2026-06-22 15:42:15.399211+00"},{"file_id":"3261","expr_id":"1631","kind":"pristine_pdf","filename":"2023-0007.pdf","source_url":"\/cms\/images\/LEGISLATION\/AMENDING\/2023\/2023-0007\/2023-0007.pdf","storage_path":"\/Users\/q\/kyleg-data\/pristine\/AMENDING\/2023\/2023-0007\/2023-0007.pdf","content_md5":"cfc4c0f5dc49b0dd835efa7534130ca2","byte_size":"425165","http_last_modified":null,"fetched_at":"2026-06-16 04:01:10.890317+00"},{"file_id":"3262","expr_id":"1631","kind":"working_pdf","filename":"2023-0007.pdf","source_url":"\/cms\/images\/LEGISLATION\/AMENDING\/2023\/2023-0007\/2023-0007.pdf","storage_path":"\/Users\/q\/kyleg-data\/working\/AMENDING\/2023\/2023-0007\/2023-0007.pdf","content_md5":"cfc4c0f5dc49b0dd835efa7534130ca2","byte_size":"425165","http_last_modified":null,"fetched_at":"2026-06-16 04:01:10.890317+00"}],"paragraph_count":5,"latest_history":null},"quality":{"expr_id":"1631","doc_id":"1631","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 7 of 2023 x7; virtual asset service providers amendment act 2023 x3; duplicate-line ratio is 15.66%","assessed_at":"2026-06-22 15:29:46.704089+00","updated_at":"2026-06-22 15:29:46.704089+00"}}