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Clause 1 provides the short title of the legislation. Clause 2 amends section 2 of the principal Act to change the section heading. The clause further amends section 2 of the principal Act by inserting definitions of the words \u201cexempted limited partnership\u201d, \u201climited liability partnership\u201d and \u201cpartnership\u201d. Clause 3 amends section 26 of the principal Act by repealing and substituting the section heading. The clause also inserts proposed new subsections (3) and (4) to provide for the liability of \u2014 (a) 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 where an offence under the principal Act is committed by the partnership, the limited liability partnership or the exempted limited partnership; and (b) a person concerned in the management or control of an unincorporated association other than a partnership, a limited liability partnership or an exempted limited partnership where an offence under the principal Act is committed by the unincorporated association. Money Services (Amendment) Bill, 2023 Clause 1 Introduced MONEY SERVICES (AMENDMENT) BILL, 2023 A BILL FOR AN ACT TO AMEND THE MONEY SERVICES ACT (2020 REVISION) TO PROVIDE FOR THE LIABILITY OF PARTNERSHIPS, LIMITED LIABILITY PARTNERSHIPS, EXEMPTED LIMITED PARTNERSHIPS, PARTNERS, UNINCORPORATED ASSOCIATIONS AND PERSONS CONCERNED IN THE MANAGEMENT OR CONTROL OF UNINCORPORATED ASSOCIATIONS FOR OFFENCES; 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 1. This Act may be cited as the Money Services (Amendment) Act, 2023.\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_2\", \"num\": \"2.\", \"text\": \"Amendment of section 2 of the Money Services Act (2020 Revision) - definitions 2. The Money Services Act (2020 Revision) is amended in section 2 as follows \u2014 (a) by repealing the section heading and substituting the following section heading \u2014 \u201cInterpretation\u201d; and (b) 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); Clause 3 Money Services (Amendment) Bill, 2023 Introduced \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 26 of the Money Services Act (2020 Revision) - offences by officers of corporate bodies 3. The Money Services Act (2020 Revision) is amended in section 26 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 Money Services (Amendment) Bill, 2023 Clause 3 Introduced (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. (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 day of , 2023. 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The clause\nfurther amends section 2 of the principal Act by inserting definitions of the words\n\u201cexempted limited partnership\u201d, \u201climited liability partnership\u201d and \u201cpartnership\u201d.\nClause 3 amends section 26 of the principal Act by repealing and substituting the section\nheading. The clause also inserts proposed new subsections (3) and (4) to provide for the\nliability of \u2014\n(a) a partner concerned in the management or control of a partnership or a limited liability\npartnership, or a partner who takes part in the conduct of the business of an exempted\nlimited partnership where an offence under the principal Act is committed by the\npartnership, the limited liability partnership or the exempted limited partnership; and\n(b) a person concerned in the management or control of an unincorporated association\nother than a partnership, a limited liability partnership or an exempted limited\npartnership where an offence under the principal Act is committed by the\nunincorporated association.\n\nMoney Services (Amendment) Bill, 2023\nClause 1\n\nc\nIntroduced\nPage 5\n\nCAYMAN ISLANDS\n\nMONEY SERVICES (AMENDMENT) BILL, 2023\n\nA BILL FOR AN ACT TO AMEND THE MONEY SERVICES ACT (2020 REVISION) TO\nPROVIDE\nFOR\nTHE\nLIABILITY\nOF\nPARTNERSHIPS,\nLIMITED\nLIABILITY\nPARTNERSHIPS,\nEXEMPTED\nLIMITED\nPARTNERSHIPS,\nPARTNERS,\nUNINCORPORATED ASSOCIATIONS AND PERSONS CONCERNED IN THE\nMANAGEMENT OR CONTROL OF UNINCORPORATED ASSOCIATIONS FOR\nOFFENCES; 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 Money Services (Amendment) Act, 2023.\n2.\nAmendment of section 2 of the Money Services Act (2020 Revision) -\ndefinitions\n2.\nThe Money Services Act (2020 Revision) is amended in section 2 as follows \u2014\n(a)\nby repealing the section heading and substituting the following section\nheading \u2014\n\n\u201cInterpretation\u201d; and\n(b) by inserting in the appropriate alphabetical sequence the following\ndefinitions \u2014\n\u201c \u201cexempted limited partnership\u201d has the meaning assigned by\nsection 2 of the Exempted Limited Partnership Act (2021 Revision);\n\nClause 3\nMoney Services (Amendment) Bill, 2023\n\nPage 6\nIntroduced\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 26 of the Money Services Act (2020 Revision) -\noffences by officers of corporate bodies\n3.\nThe Money Services Act (2020 Revision) is amended in section 26 as 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\nMoney Services (Amendment) Bill, 2023\nClause 3\n\nc\nIntroduced\nPage 7\n\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(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\nday of\n, 2023.\nSpeaker\nClerk of the Parliament","akn_extracted_at":"2026-06-22 15:42:11.449064+00","cms_id":"2023-0006","law_type":"bill","year":"2023","number":"6","title":"Securities Investment Business (Amendment) Act, 2023 (Act 6 of 2023)","status":"bill"},"provenance":{"files":[{"file_id":"7099","expr_id":"2300","kind":"akn_xml","filename":"2023-0006.akn.xml","source_url":null,"storage_path":"\/Users\/q\/kyleg-data\/working\/BILLS\/2023\/2023-0006\/2023-0006.akn.xml","content_md5":"5db1f87c5cdd3fde4d08bb5957223b30","byte_size":"8248","http_last_modified":null,"fetched_at":"2026-06-22 15:42:11.499059+00"},{"file_id":"4599","expr_id":"2300","kind":"pristine_pdf","filename":"2023-0006.pdf","source_url":"\/cms\/images\/LEGISLATION\/BILLS\/2023\/2023-0006\/2023-0006.pdf","storage_path":"\/Users\/q\/kyleg-data\/pristine\/BILLS\/2023\/2023-0006\/2023-0006.pdf","content_md5":"375dc216a14143d9f775479154fef83e","byte_size":"340111","http_last_modified":null,"fetched_at":"2026-06-16 04:01:11.349211+00"},{"file_id":"4600","expr_id":"2300","kind":"working_pdf","filename":"2023-0006.pdf","source_url":"\/cms\/images\/LEGISLATION\/BILLS\/2023\/2023-0006\/2023-0006.pdf","storage_path":"\/Users\/q\/kyleg-data\/working\/BILLS\/2023\/2023-0006\/2023-0006.pdf","content_md5":"375dc216a14143d9f775479154fef83e","byte_size":"340111","http_last_modified":null,"fetched_at":"2026-06-16 04:01:11.349211+00"}],"paragraph_count":12,"latest_history":null},"quality":{"expr_id":"2300","doc_id":"2300","quality_state":"known_issue","quality_score":"51","needs_human_review":"t","deterministic_categories":"{duplicate_text,page_header_footer_noise,title_mismatch}","llm_categories":"{}","repair_actions":"{collapse_duplicate_text,strip_page_furniture,verify_title_metadata}","finding_severity_counts":"{\"high\": 1, \"medium\": 2}","finding_summary":"stored title is not visible in the opening extracted text; 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