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AND FOR INCIDENTAL\nAND 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 Mutual Funds (Amendment) Act, 2023.\n(2) This Act comes into force by Order made by the Cabinet.\n2.\nAmendment of section 31 of the Mutual Funds Act (2021 Revision) - powers\nof Authority in respect of licensed mutual fund administrators\n2.\nThe Mutual Funds Act (2021 Revision), in this Act referred to as the \u201cprincipal Act\u201d,\nis amended in section 31(1) by repealing paragraph (ab) and substituting the\nfollowing paragraph \u2014\n\u201c(ab) a licensed mutual fund administrator who is a \u201ccorporate\nservices provider\u201d, as defined in the Beneficial Ownership\nTransparency Act, 2023, has contravened that Act;\u201d.\n3.\nAmendment of section 33 - powers of Authority, etc., to search in accordance\nwith search warrant\n3.\nThe principal Act is amended in section 33(1) as follows \u2014\n(Act 21 of 2023)\nI Assent,\nJane Owen\nGovernor\nDate: 7th day of December, 2023\n\nSection 4\nMutual Funds (Amendment) Act, 2023\n\nPage 6\nAct 21 of 2023\nc\n\n(a)\nin the chapeau, by deleting the words \u201cthis Act, Part XVIIA of the\nCompanies Act (2021 Revision), Part 12 of the Limited Liability\nCompanies Act (2021 Revision) or Part 8 of the Limited Liability\nPartnership Act (2021 Revision)\u201d and substituting the words \u201cthis Act or\nthe Beneficial Ownership Transparency Act, 2023\u201d; and\n(b) by repealing subparagraphs (iv) and (v) substituting the following\nsubparagraphs \u2014\n\u201c(iv) to take possession of, and secure against interference any\nrecord that appears to indicate that any offence under this\nAct or the Beneficial Ownership Transparency Act, 2023\nhas been, is being or is about to be committed; and\n(v) to inspect and take copies of any record on the premises\nthat appears to indicate that an offence under this Act or\nthe Beneficial Ownership Transparency Act, 2023 has\nbeen, is being or is about to be committed, or, if this is not\npractical, to take away or deliver any such records to the\nAuthority.\u201d.\n4.\nAmendment of section 35 - obligation of auditors\n4.\nThe principal Act is amended in section 35(2)(e) by repealing subparagraph (ia) and\nsubstituting the following subparagraph \u2014\n\u201c(ia) in respect of a licensed mutual funds administrator, the\nBeneficial Ownership Transparency Act, 2023, if the\nlicensee is a \u201ccorporate services provider\u201d as defined in\nthat Act;\u201d.\n\nPassed by the Parliament the 23rd day of November, 2023.\nHon. Sir Alden McLaughlin\nSpeaker\nZena Merren-Chin\nClerk of the Parliament","akn_extracted_at":"2026-06-22 15:41:51.853103+00","cms_id":"2023-0021","law_type":"amending","year":"2023","number":"21","title":"Mutual Funds (Amendment) Act, 2023 (Act 21 of 2023)","status":"spent"},"provenance":{"files":[{"file_id":"6478","expr_id":"1638","kind":"akn_xml","filename":"2023-0021.akn.xml","source_url":null,"storage_path":"\/Users\/q\/kyleg-data\/working\/AMENDING\/2023\/2023-0021\/2023-0021.akn.xml","content_md5":"d65b4ddc128ae423439b042312e5c570","byte_size":"5968","http_last_modified":null,"fetched_at":"2026-06-22 15:41:51.90071+00"},{"file_id":"3275","expr_id":"1638","kind":"pristine_pdf","filename":"2023-0021.pdf","source_url":"\/cms\/images\/LEGISLATION\/AMENDING\/2023\/2023-0021\/2023-0021.pdf","storage_path":"\/Users\/q\/kyleg-data\/pristine\/AMENDING\/2023\/2023-0021\/2023-0021.pdf","content_md5":"3199106b110dc7dd43a5c3fcf32e9e6f","byte_size":"225887","http_last_modified":null,"fetched_at":"2026-06-16 04:01:10.900452+00"},{"file_id":"3276","expr_id":"1638","kind":"working_pdf","filename":"2023-0021.pdf","source_url":"\/cms\/images\/LEGISLATION\/AMENDING\/2023\/2023-0021\/2023-0021.pdf","storage_path":"\/Users\/q\/kyleg-data\/working\/AMENDING\/2023\/2023-0021\/2023-0021.pdf","content_md5":"3199106b110dc7dd43a5c3fcf32e9e6f","byte_size":"225887","http_last_modified":null,"fetched_at":"2026-06-16 04:01:10.900452+00"}],"paragraph_count":4,"latest_history":null},"quality":{"expr_id":"1638","doc_id":"1638","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 21 of 2023 x8; mutual funds amendment act 2023 x5; duplicate-line ratio is 16.47%","assessed_at":"2026-06-22 15:29:46.518526+00","updated_at":"2026-06-22 15:29:46.518526+00"}}