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Clause 1 provides the short title and commencement of the legislation. Clause 2 amends section 3 of the Foundation Companies Act, 2017 to provide for the Beneficial Ownership Transparency Act, 2023 to apply to a foundation company under the Foundation Companies Act, 2017. Foundation Companies (Amendment) Bill, 2023 Clause 1 Introduced FOUNDATION COMPANIES (AMENDMENT) BILL, 2023 A BILL FOR AN ACT TO AMEND THE FOUNDATION COMPANIES ACT, 2017 TO PROVIDE FOR THE APPLICATION OF THE BENEFICIAL OWNERSHIP TRANSPARENCY ACT, 2023 TO A FOUNDATION COMPANY UNDER THE FOUNDATION COMPANIES ACT, 2017; 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 Foundation Companies (Amendment) Act, 2023. (2) This Act comes into force by Order made by the Cabinet. 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AND FOR INCIDENTAL AND CONNECTED\nPURPOSES\n\nPage 2\nIntroduced\nc\n\nPUBLISHING DETAILS\nSponsoring Ministry\/Portfolio: Ministry of Financial Services and Commerce (FSC)\n\nFoundation Companies (Amendment) Bill, 2023\nObjects and Reasons\n\nc\nIntroduced\nPage 3\n\nMemorandum of\nOBJECTS AND REASONS\nThis Bill amends the Foundation Companies Act, 2017 to provide for the application of\nthe Beneficial Ownership Transparency Act, 2023 to a foundation company under the\nFoundation Companies Act, 2017.\nClause 1 provides the short title and commencement of the legislation.\nClause 2 amends section 3 of the Foundation Companies Act, 2017 to provide for the\nBeneficial Ownership Transparency Act, 2023 to apply to a foundation company under the\nFoundation Companies Act, 2017.\n\nFoundation Companies (Amendment) Bill, 2023\nClause 1\n\nc\nIntroduced\nPage 5\n\nCAYMAN ISLANDS\n\nFOUNDATION COMPANIES (AMENDMENT)\nBILL, 2023\n\nA BILL FOR AN ACT TO AMEND THE FOUNDATION COMPANIES ACT, 2017 TO\nPROVIDE\nFOR\nTHE\nAPPLICATION\nOF\nTHE\nBENEFICIAL\nOWNERSHIP\nTRANSPARENCY ACT, 2023 TO A FOUNDATION COMPANY UNDER THE\nFOUNDATION COMPANIES ACT, 2017; AND FOR INCIDENTAL AND CONNECTED\nPURPOSES\nENACTED by the Legislature of the Cayman Islands.\n1.\nShort title and commencement\n1.\n(1) This Act may be cited as the Foundation Companies (Amendment) Act, 2023.\n(2) This Act comes into force by Order made by the Cabinet.\n\nClause 2\nFoundation Companies (Amendment) Bill, 2023\n\nPage 6\nIntroduced\nc\n\n2.\nAmendment of section 3 of the Foundation Companies Act, 2017 -\napplication of Acts\n2.\nThe Foundation Companies Act, 2017 is amended in section 3 by inserting after\nsubsection (4) the following subsection \u2014\n\u201c(5) The Beneficial Ownership Transparency Act, 2023 applies to a\nfoundation company under this Act.\u201d.\n\nPassed by the Parliament the        day of                          , 2023.\n\nSpeaker\n\nClerk of the Parliament","akn_extracted_at":"2026-06-22 15:41:45.554692+00","cms_id":"2023-0018","law_type":"bill","year":"2023","number":"18","title":"Labour (Tribunal Members' Remuneration) Regulations, 2023","status":"bill"},"provenance":{"files":[{"file_id":"7110","expr_id":"2311","kind":"akn_xml","filename":"2023-0018.akn.xml","source_url":null,"storage_path":"\/Users\/q\/kyleg-data\/working\/BILLS\/2023\/2023-0018\/2023-0018.akn.xml","content_md5":"6d92346bc652220103d8e62f54e79f44","byte_size":"4879","http_last_modified":null,"fetched_at":"2026-06-22 15:41:45.590612+00"},{"file_id":"4621","expr_id":"2311","kind":"pristine_pdf","filename":"2023-0018.pdf","source_url":"\/cms\/images\/LEGISLATION\/BILLS\/2023\/2023-0018\/2023-0018.pdf","storage_path":"\/Users\/q\/kyleg-data\/pristine\/BILLS\/2023\/2023-0018\/2023-0018.pdf","content_md5":"b8c41c62d00958120035dfb2afeb7795","byte_size":"329458","http_last_modified":null,"fetched_at":"2026-06-16 04:01:11.355642+00"},{"file_id":"4622","expr_id":"2311","kind":"working_pdf","filename":"2023-0018.pdf","source_url":"\/cms\/images\/LEGISLATION\/BILLS\/2023\/2023-0018\/2023-0018.pdf","storage_path":"\/Users\/q\/kyleg-data\/working\/BILLS\/2023\/2023-0018\/2023-0018.pdf","content_md5":"b8c41c62d00958120035dfb2afeb7795","byte_size":"329458","http_last_modified":null,"fetched_at":"2026-06-16 04:01:11.355642+00"}],"paragraph_count":12,"latest_history":null},"quality":{"expr_id":"2311","doc_id":"2311","quality_state":"known_issue","quality_score":"55","needs_human_review":"t","deterministic_categories":"{commencement_metadata_problem,duplicate_text,page_header_footer_noise,title_mismatch}","llm_categories":"{}","repair_actions":"{collapse_duplicate_text,strip_page_furniture,verify_commencement_metadata,verify_title_metadata}","finding_severity_counts":"{\"low\": 2, \"high\": 1, \"medium\": 1}","finding_summary":"stored title is not visible in the opening extracted text; 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