{"kind":"expression","expression":{"expr_id":"1665","doc_id":"1665","label":"Private Funds (Amendment and Validation) Act, 2024 (Act 20 of 2024)","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\/2024\/20\/eng@2024-01-01","akn_envelope":"{\"_canary\": {\"iri\": {\"work\": \"\/akn\/ky\/act\/amending\/2024\/20\", \"expression\": \"\/akn\/ky\/act\/amending\/2024\/20\/eng@2024-01-01\", \"manifestation\": \"\/akn\/ky\/act\/amending\/2024\/20\/eng@2024-01-01.pdf\"}, \"pdf\": {\"md5\": \"936f3832313bab27313c17fbe8be2f24\", \"path\": \"\/Users\/q\/kyleg-data\/working\/AMENDING\/2024\/2024-0020\/2024-0020.pdf\", \"pages\": 7, \"filename\": \"2024-0020.pdf\"}, \"errors\": [], \"extraction\": {\"model\": null, \"stats\": {\"word_count\": 709, \"paragraph_count\": 8, \"text_char_count\": 4787}, \"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 6 of the Private Funds Act (2021 Revision) - application to be 3. 4. 5. 6. 7. Private Funds (Amendment and Validation) Act, 2024 PRIVATE FUNDS (AMENDMENT AND VALIDATION) ACT, 2024 AN ACT TO AMEND THE PRIVATE FUNDS ACT (2021 REVISION) TO PROVIDE FOR THE CHARGING OF FEES FOR CERTAIN TRANSACTIONS; TO PROVIDE FOR A NONREFUNDABLE APPLICATION FEE FOR AN APPLICATION BY A PRIVATE FUND TO BE REGISTERED UNDER THE ACT; TO VALIDATE CERTAIN REVENUE COLLECTION ACTIONS; 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 Private Funds (Amendment and Validation) Act, 2024. (2) This Act shall come into force on such date as may be appointed by Order made by the Cabinet.\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_2\", \"num\": \"2.\", \"text\": \"Amendment of section 6 of the Private Funds Act (2021 Revision) - application to be registered 2. The Private Funds Act (2021 Revision), in this Act referred to as the \u201cprincipal Act\u201d, is amended in section 6(1) by inserting after the word \u201cAct\u201d the words \u201c, and the application shall be accompanied by the prescribed non-refundable application fee\u201d. I Assent, Jane Owen Governor Date: 18th December, 2024 Private Funds (Amendment and Validation) Act, 2024\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_3\", \"num\": \"3.\", \"text\": \"Amendment of section 11 - Authority to be informed of changes 3. The principal Act is amended in section 11(1) by inserting after the words \u201cthe details of the change\u201d the words \u201cwhich shall be accompanied by the prescribed fee.\u201d.\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_4\", \"num\": \"4.\", \"text\": \"Amendment of section 14 - annual return 4. The principal Act is amended in section 14 by inserting after the word \u201cform\u201d the words \u201cwhich shall be accompanied by the prescribed fee.\u201d.\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_5\", \"num\": \"5.\", \"text\": \"Validation of payment and collection of fees 5. The payment of fees to, and the charging and collection of fees by, the Authority without statutory authority prior to the commencement of this amending and validating Act for \u2014 (a) the registration of a private fund; (b) the filing of the details of changes related to a private fund; and (c) the submission of annual returns, are validated and taken to have been lawfully charged by, paid to and collected by the Authority, as if the Authority was empowered under the principal Act as amended by this amending and validating Act to charge and collect those fees.\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_6\", \"num\": \"6.\", \"text\": \"Orders or determinations by court not affected 6. This amending and validating Act does not affect any order or determination made by a court with respect to fees charged by, paid to and collected by the Authority without statutory authority prior to the commencement of this amending and validating Act for \u2014 (a) the registration of a private fund; (b) the filing of the details of changes related to a private fund; or (c) the submission of annual returns. Private Funds (Amendment and Validation) Act, 2024\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_7\", \"num\": \"7.\", \"text\": \"Transitional 7. Notwithstanding section 2 of this amending and validating Act, and further to section 5(a) of this amending and validating Act, the fee for an application for registration of a private fund for which a decision is pending on the day immediately preceding the commencement of this amending and validating Act shall be refundable. Passed by the Parliament the 11th day of December, 2024. Hon. Sir Alden McLaughlin Speaker Zena Merren-Chin Clerk of the Parliament\", \"element\": \"section\", \"heading\": null}], \"meta\": {\"notes\": null, \"workflow\": null, \"lifecycle\": {\"source\": \"#cilegis\", \"eventRef\": [{\"eId\": \"e_commence_2024_01_01\", \"date\": \"2024-01-01\", \"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_2024_01_01\", \"timeInterval\": [{\"end\": null, \"start\": \"#e_commence_2024_01_01\", \"duration\": null, \"refersTo\": \"#inForce\"}]}]}, \"classification\": null, \"identification\": {\"source\": \"#cilegis\", \"FRBRWork\": {\"FRBRuri\": \"\/akn\/ky\/act\/amending\/2024\/20\", \"FRBRdate\": [{\"date\": \"2024-01-01\", \"name\": \"generation\"}], \"FRBRthis\": \"\/akn\/ky\/act\/amending\/2024\/20\/!main\", \"FRBRalias\": [{\"name\": \"cmsId\", \"value\": \"2024-0020\"}], \"FRBRauthor\": [{\"as\": \"#editor\", \"href\": \"\/akn\/ontology\/canary\/organization\/editor\/cilegis\"}], \"FRBRnumber\": \"20 of 2024\", \"FRBRcountry\": \"ky\", \"FRBRsubtype\": \"amending\"}, \"FRBRExpression\": {\"FRBRuri\": \"\/akn\/ky\/act\/amending\/2024\/20\/eng@2024-01-01\", \"FRBRdate\": [{\"date\": \"2024-01-01\", \"name\": \"generation\"}], \"FRBRthis\": \"\/akn\/ky\/act\/amending\/2024\/20\/eng@2024-01-01\/!main\", \"FRBRauthor\": [{\"as\": \"#editor\", \"href\": \"\/akn\/ontology\/canary\/organization\/editor\/cilegis\"}], \"FRBRlanguage\": \"eng\"}, \"FRBRManifestation\": {\"FRBRuri\": \"\/akn\/ky\/act\/amending\/2024\/20\/eng@2024-01-01.xml\", \"FRBRdate\": [{\"date\": \"2026-06-22\", \"name\": \"generation\"}], \"FRBRthis\": \"\/akn\/ky\/act\/amending\/2024\/20\/eng@2024-01-01.xml\", \"FRBRauthor\": [{\"as\": \"#editor\", \"href\": \"\/akn\/ontology\/canary\/organization\/editor\/cilegis\"}], \"FRBRformat\": \"application\/xml\"}}}, \"name\": \"act\", \"header\": {\"title\": \"Private Funds (Amendment and Validation) Act, 2024 (Act 20 of 2024)\", \"actNumber\": \"20 of 2024\", \"longTitle\": null}}, \"doc\": null, \"bill\": null, \"judgment\": null}}","akn_full_text":"CAYMAN ISLANDS\n\nPRIVATE FUNDS (AMENDMENT AND\nVALIDATION) ACT, 2024\n(Act 20 of 2024)\nSupplement No. 11 published with Legislation Gazette No. 47 dated 19th December, 2024.\n\u2000\n\nPage 2\nAct 20 of 2024\nc\n\nPUBLISHING DETAILS\n\nPrivate Funds (Amendment and Validation) Act, 2024\nArrangement of Sections\n\nc\nAct 20 of 2024\nPage 3\n\nCAYMAN ISLANDS\n\nPRIVATE FUNDS (AMENDMENT AND\nVALIDATION) ACT, 2024\n(Act 20 of 2024)\nArrangement of Sections\nSection\nPage\n1.\nShort title and commencement ..................................................................................................5\n2.\nAmendment of section 6 of the Private Funds Act (2021 Revision) - application to be\nregistered ..................................................................................................................................5\n3.\nAmendment of section 11 - Authority to be informed of changes ................................................6\n4.\nAmendment of section 14 - annual return ..................................................................................6\n5.\nValidation of payment and collection of fees ..............................................................................6\n6.\nOrders or determinations by court not affected ..........................................................................6\n7.\nTransitional ................................................................................................................................7\n\nPrivate Funds (Amendment and Validation) Act, 2024\nSection 1\n\nc\nAct 20 of 2024\nPage 5\n\nCAYMAN ISLANDS\n\nPRIVATE FUNDS (AMENDMENT AND\nVALIDATION) ACT, 2024\n(Act 20 of 2024)\nAN ACT TO AMEND THE PRIVATE FUNDS ACT (2021 REVISION) TO PROVIDE FOR\nTHE CHARGING OF FEES FOR CERTAIN TRANSACTIONS; TO PROVIDE FOR A NONREFUNDABLE APPLICATION FEE FOR AN APPLICATION BY A PRIVATE FUND TO\nBE REGISTERED UNDER THE ACT; TO VALIDATE CERTAIN REVENUE COLLECTION\nACTIONS; 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 Private Funds (Amendment and Validation) Act,\n2024.\n(2) This Act shall come into force on such date as may be appointed by Order made\nby the Cabinet.\n2.\nAmendment of section 6 of the Private Funds Act (2021 Revision) -\napplication to be registered\n2.\nThe Private Funds Act (2021 Revision), in this Act referred to as the \u201cprincipal Act\u201d,\nis amended in section 6(1) by inserting after the word \u201cAct\u201d the words \u201c, and the\napplication shall be accompanied by the prescribed non-refundable application fee\u201d.\n(Act 20 of 2024)\nI Assent,\nJane Owen\nGovernor\nDate: 18th December, 2024\n\nSection 3\nPrivate Funds (Amendment and Validation) Act, 2024\n\nPage 6\nAct 20 of 2024\nc\n\n3.\nAmendment of section 11 - Authority to be informed of changes\n3.\nThe principal Act is amended in section 11(1) by inserting after the words \u201cthe details\nof the change\u201d the words \u201cwhich shall be accompanied by the prescribed fee.\u201d.\n4.\nAmendment of section 14 - annual return\n4.\nThe principal Act is amended in section 14 by inserting after the word \u201cform\u201d the\nwords \u201cwhich shall be accompanied by the prescribed fee.\u201d.\n5.\nValidation of payment and collection of fees\n5.\nThe payment of fees to, and the charging and collection of fees by, the Authority\nwithout statutory authority prior to the commencement of this amending and\nvalidating Act for \u2014\n(a)\nthe registration of a private fund;\n(b) the filing of the details of changes related to a private fund; and\n(c)\nthe submission of annual returns,\nare validated and taken to have been lawfully charged by, paid to and collected by the\nAuthority, as if the Authority was empowered under the principal Act as amended by\nthis amending and validating Act to charge and collect those fees.\n6.\nOrders or determinations by court not affected\n6.\nThis amending and validating Act does not affect any order or determination made\nby a court with respect to fees charged by, paid to and collected by the Authority\nwithout statutory authority prior to the commencement of this amending and\nvalidating Act for \u2014\n(a)\nthe registration of a private fund;\n(b) the filing of the details of changes related to a private fund; or\n(c)\nthe submission of annual returns.\n\nPrivate Funds (Amendment and Validation) Act, 2024\nSection 7\n\nc\nAct 20 of 2024\nPage 7\n\n7.\nTransitional\n7.\nNotwithstanding section 2 of this amending and validating Act, and further to section\n5(a) of this amending and validating Act, the fee for an application for registration of\na private fund for which a decision is pending on the day immediately preceding the\ncommencement of this amending and validating Act shall be refundable.\nPassed by the Parliament the 11th day of December, 2024.\nHon. Sir Alden McLaughlin\nSpeaker\nZena Merren-Chin\nClerk of the Parliament","akn_extracted_at":"2026-06-22 15:42:06.561354+00","cms_id":"2024-0020","law_type":"amending","year":"2024","number":"20","title":"Private Funds (Amendment and Validation) Act, 2024 (Act 20 of 2024)","status":"spent"},"provenance":{"files":[{"file_id":"6505","expr_id":"1665","kind":"akn_xml","filename":"2024-0020.akn.xml","source_url":null,"storage_path":"\/Users\/q\/kyleg-data\/working\/AMENDING\/2024\/2024-0020\/2024-0020.akn.xml","content_md5":"f88e5917980f018c68ae94aad54e2e21","byte_size":"6783","http_last_modified":null,"fetched_at":"2026-06-22 15:42:06.677994+00"},{"file_id":"3329","expr_id":"1665","kind":"pristine_pdf","filename":"2024-0020.pdf","source_url":"\/cms\/images\/LEGISLATION\/AMENDING\/2024\/2024-0020\/2024-0020.pdf","storage_path":"\/Users\/q\/kyleg-data\/pristine\/AMENDING\/2024\/2024-0020\/2024-0020.pdf","content_md5":"936f3832313bab27313c17fbe8be2f24","byte_size":"232585","http_last_modified":null,"fetched_at":"2026-06-16 04:01:10.933182+00"},{"file_id":"3330","expr_id":"1665","kind":"working_pdf","filename":"2024-0020.pdf","source_url":"\/cms\/images\/LEGISLATION\/AMENDING\/2024\/2024-0020\/2024-0020.pdf","storage_path":"\/Users\/q\/kyleg-data\/working\/AMENDING\/2024\/2024-0020\/2024-0020.pdf","content_md5":"936f3832313bab27313c17fbe8be2f24","byte_size":"232585","http_last_modified":null,"fetched_at":"2026-06-16 04:01:10.933182+00"}],"paragraph_count":4,"latest_history":null},"quality":{"expr_id":"1665","doc_id":"1665","quality_state":"needs_review","quality_score":"72","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\": 1, \"medium\": 2}","finding_summary":"repeated line furniture detected: cayman islands x3; private funds amendment and x3; validation act 2024 x3; duplicate-line ratio is 23.16%","assessed_at":"2026-06-22 15:29:46.60052+00","updated_at":"2026-06-22 15:29:46.60052+00"}}