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AND FOR 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 Virtual Asset (Service Providers) (Amendment)\n(No. 2) Act, 2023.\n(2) This Act comes into force by Order made by the Cabinet.\n2.\nAmendment of section 25 of the Virtual Asset (Service Providers) Act (2022\nRevision) - enforcement powers of the Authority\n2.\nThe Virtual Asset (Service Providers) Act (2022 Revision), in this Act referred to as\nthe \u201cprincipal Act\u201d, is amended in section 25(2) by repealing paragraph (g) and\nsubstituting the following paragraph \u2014\n\u201c(g) is a \u201ccorporate services provider\u201d, as defined by section 2 of the\nBeneficial Ownership Transparency Act, 2023 and the\ncorporate services provider has contravened that Act; or\u201d.\n(Act 22 of 2023)\nI Assent,\nJane Owen\nGovernor\nDate: 7th day of December, 2023\n\nSection 3\nVirtual Asset (Service Providers) (Amendment) (No. 2) Act, 2023\n\nPage 6\nAct 22 of 2023\nc\n\n3.\nAmendment of section 32 - duty of auditor\n3.\nThe principal Act is amended in section 32(1)(b) by repealing subparagraph (ii) and\nsubstituting the following subparagraph \u2014\n\u201c(ii) the Beneficial Ownership Transparency Act, 2023 if the\nlicensee is a \u201ccorporate services provider\u201d as defined by\nthat Act;\u201d.\n4.\nAmendment of section 33 - entry and search of premises\n4.\nThe principal Act is amended in section 33(2) by repealing paragraph (b) and\nsubstituting the following paragraph \u2014\n\u201c(b) there is on those premises evidence of any contravention of this\nAct, the Proceeds of Crime Act (2020 Revision) or the\nBeneficial Ownership Transparency Act, 2023;\u201d.\nPassed by the Parliament the 23rd day of November, 2023.\nHon. 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