{"kind":"expression","expression":{"expr_id":"2316","doc_id":"2316","label":"Financial Assistance (Appeals) Regulations, 2023","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\/bill\/2023\/23\/eng@2023-01-01","akn_envelope":"{\"_canary\": {\"iri\": {\"work\": \"\/akn\/ky\/bill\/2023\/23\", \"expression\": \"\/akn\/ky\/bill\/2023\/23\/eng@2023-01-01\", \"manifestation\": \"\/akn\/ky\/bill\/2023\/23\/eng@2023-01-01.pdf\"}, \"pdf\": {\"md5\": \"79fc5b371efef0fc2c5c44609b88d431\", \"path\": \"\/Users\/q\/kyleg-data\/working\/BILLS\/2023\/2023-0023\/2023-0023.pdf\", \"pages\": 8, \"filename\": \"2023-0023.pdf\"}, \"errors\": [], \"extraction\": {\"model\": null, \"stats\": {\"word_count\": 675, \"paragraph_count\": 5, \"text_char_count\": 4656}, \"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\": null, \"doc\": null, \"bill\": {\"body\": [{\"eId\": \"sec_n1\", \"num\": null, \"text\": \"VIRTUAL ASSET (SERVICE PROVIDERS) (AMENDMENT) (NO. 2) BILL, 2023 A BILL FOR AN ACT TO AMEND THE VIRTUAL ASSET (SERVICE PROVIDERS) ACT (2022 REVISION) TO UPDATE REFERENCES RELATING TO THE BENEFICIAL OWNERSHIP REGIME; AND FOR INCIDENTAL AND CONNECTED PURPOSES Introduced PUBLISHING DETAILS Sponsoring Ministry\/Portfolio: Ministry of Financial Services and Commerce (FSC) Virtual Asset (Service Providers) (Amendment) (No. 2) Bill, 2023 Objects and Reasons Introduced Memorandum of OBJECTS AND REASONS This Bill amends the Virtual Asset (Service Providers) Act (2022 Revision) (the \u201cprincipal Act\u201d) to update references relating to the beneficial ownership regime. Clause 1 provides the short title and commencement of the legislation. Clause 2 amends section 25 of the principal Act to replace the references to Part XVIIA of the Companies Act (2022 Revision), Part 12 of the Limited Liability Companies Act (2021 Revision) and Part 8 of the Limited Liability Partnership Act (2021 Revision) with references to the Beneficial Ownership Transparency Act, 2023. Clause 3 amends section 32 of the principal Act to replace the references to Part XVIIA of the Companies Act (2022 Revision), Part 12 of the Limited Liability Companies Act (2021 Revision) and Part 8 of the Limited Liability Partnership Act (2021 Revision) with references to the Beneficial Ownership Transparency Act, 2023. Clause 4 amends section 33 of the principal Act to replace the references to Part XVIIA of the Companies Act (2022 Revision), Part 12 of the Limited Liability Companies Act (2021 Revision) and Part 8 of the Limited Liability Partnership Act (2021 Revision) with references to the Beneficial Ownership Transparency Act, 2023. Virtual Asset (Service Providers) (Amendment) (No. 2) Bill, 2023 Arrangement of Clauses Introduced VIRTUAL ASSET (SERVICE PROVIDERS) (AMENDMENT) (NO. 2) BILL, 2023 Arrangement of Clauses Clause 1.\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_2\", \"num\": \"2.\", \"text\": \"Amendment of section 25 of the Virtual Asset (Service Providers) Act (2022 Revision) - 3.\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_4\", \"num\": \"4.\", \"text\": \"Virtual Asset (Service Providers) (Amendment) (No. 2) Bill, 2023 Clause 1 Introduced VIRTUAL ASSET (SERVICE PROVIDERS) (AMENDMENT) (NO. 2) BILL, 2023 A BILL FOR AN ACT TO AMEND THE VIRTUAL ASSET (SERVICE PROVIDERS) ACT (2022 REVISION) TO UPDATE REFERENCES RELATING TO THE BENEFICIAL OWNERSHIP REGIME; 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 Virtual Asset (Service Providers) (Amendment) (No. 2) Act, 2023. (2) This Act comes into force by Order made by the Cabinet. 2. Amendment of section 25 of the Virtual Asset (Service Providers) Act (2022 Revision) - enforcement powers of the Authority 2. The Virtual Asset (Service Providers) Act (2022 Revision), in this Act referred to as the \u201cprincipal Act\u201d, is amended in section 25(2) by repealing paragraph (g) and substituting the following paragraph \u2014 \u201c(g) is a \u201ccorporate services provider\u201d, as defined by section 2 of the Beneficial Ownership Transparency Act, 2023 and the corporate services provider has contravened that Act; or\u201d. Clause 3 Virtual Asset (Service Providers) (Amendment) (No. 2) Bill, 2023 Introduced\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_3\", \"num\": \"3.\", \"text\": \"Amendment of section 32 - duty of auditor 3. The principal Act is amended in section 32(1)(b) by repealing subparagraph (ii) and substituting the following subparagraph \u2014 \u201c(ii) the Beneficial Ownership Transparency Act, 2023 if the licensee is a \u201ccorporate services provider\u201d as defined by that Act;\u201d. 4. Amendment of section 33 - entry and search of premises 4. The principal Act is amended in section 33(2) by repealing paragraph (b) and substituting the following paragraph \u2014 \u201c(b) there is on those premises evidence of any contravention of this Act, the Proceeds of Crime Act (2020 Revision) or the Beneficial Ownership Transparency Act, 2023;\u201d. Passed by the Parliament the              day of                           , 2023. Speaker Clerk of the Parliament\", \"element\": \"section\", \"heading\": null}], \"meta\": {\"notes\": null, \"workflow\": null, \"lifecycle\": {\"source\": \"#cilegis\", \"eventRef\": [{\"eId\": \"e_commence_2023_01_01\", \"date\": \"2023-01-01\", \"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_2023_01_01\", \"timeInterval\": [{\"end\": null, \"start\": \"#e_commence_2023_01_01\", \"duration\": null, \"refersTo\": \"#inForce\"}]}]}, \"classification\": null, \"identification\": {\"source\": \"#cilegis\", \"FRBRWork\": {\"FRBRuri\": \"\/akn\/ky\/bill\/2023\/23\", \"FRBRdate\": [{\"date\": \"2023-01-01\", \"name\": \"generation\"}], \"FRBRthis\": \"\/akn\/ky\/bill\/2023\/23\/!main\", \"FRBRalias\": [{\"name\": \"cmsId\", \"value\": \"2023-0023\"}], \"FRBRauthor\": [{\"as\": \"#editor\", \"href\": \"\/akn\/ontology\/canary\/organization\/editor\/cilegis\"}], \"FRBRnumber\": \"23 of 2023\", \"FRBRcountry\": \"ky\", \"FRBRsubtype\": \"bill\"}, \"FRBRExpression\": {\"FRBRuri\": \"\/akn\/ky\/bill\/2023\/23\/eng@2023-01-01\", \"FRBRdate\": [{\"date\": \"2023-01-01\", \"name\": \"generation\"}], \"FRBRthis\": \"\/akn\/ky\/bill\/2023\/23\/eng@2023-01-01\/!main\", \"FRBRauthor\": [{\"as\": \"#editor\", \"href\": \"\/akn\/ontology\/canary\/organization\/editor\/cilegis\"}], \"FRBRlanguage\": \"eng\"}, \"FRBRManifestation\": {\"FRBRuri\": \"\/akn\/ky\/bill\/2023\/23\/eng@2023-01-01.xml\", \"FRBRdate\": [{\"date\": \"2026-06-22\", \"name\": \"generation\"}], \"FRBRthis\": \"\/akn\/ky\/bill\/2023\/23\/eng@2023-01-01.xml\", \"FRBRauthor\": [{\"as\": \"#editor\", \"href\": \"\/akn\/ontology\/canary\/organization\/editor\/cilegis\"}], \"FRBRformat\": \"application\/xml\"}}}, \"name\": \"bill\", \"header\": {\"title\": \"Financial Assistance (Appeals) Regulations, 2023\", \"actNumber\": \"23 of 2023\", \"longTitle\": null}}, \"judgment\": null}}","akn_full_text":"CAYMAN ISLANDS\n\nVIRTUAL ASSET (SERVICE PROVIDERS)\n(AMENDMENT) (NO. 2) BILL, 2023\nSupplement No. 10 published with Legislation Gazette No. 26 dated 30th August, 2023.\nA BILL FOR AN ACT TO AMEND THE VIRTUAL ASSET (SERVICE PROVIDERS) ACT\n(2022 REVISION) TO UPDATE REFERENCES RELATING TO THE BENEFICIAL\nOWNERSHIP REGIME; AND FOR INCIDENTAL AND CONNECTED PURPOSES\n\u2000\n\nPage 2\nIntroduced\nc\n\nPUBLISHING DETAILS\nSponsoring Ministry\/Portfolio: Ministry of Financial Services and Commerce (FSC)\n\nVirtual Asset (Service Providers) (Amendment) (No. 2) Bill, 2023\nObjects and Reasons\n\nc\nIntroduced\nPage 3\n\nMemorandum of\nOBJECTS AND REASONS\nThis Bill amends the Virtual Asset (Service Providers) Act (2022 Revision) (the \u201cprincipal\nAct\u201d) to update references relating to the beneficial ownership regime.\nClause 1 provides the short title and commencement of the legislation.\nClause 2 amends section 25 of the principal Act to replace the references to Part XVIIA of\nthe Companies Act (2022 Revision), Part 12 of the Limited Liability Companies Act (2021\nRevision) and Part 8 of the Limited Liability Partnership Act (2021 Revision) with\nreferences to the Beneficial Ownership Transparency Act, 2023.\nClause 3 amends section 32 of the principal Act to replace the references to Part XVIIA of\nthe Companies Act (2022 Revision), Part 12 of the Limited Liability Companies Act (2021\nRevision) and Part 8 of the Limited Liability Partnership Act (2021 Revision) with\nreferences to the Beneficial Ownership Transparency Act, 2023.\nClause 4 amends section 33 of the principal Act to replace the references to Part XVIIA of\nthe Companies Act (2022 Revision), Part 12 of the Limited Liability Companies Act (2021\nRevision) and Part 8 of the Limited Liability Partnership Act (2021 Revision) with\nreferences to the Beneficial Ownership Transparency Act, 2023.\n\nVirtual Asset (Service Providers) (Amendment) (No. 2) Bill, 2023\nArrangement of Clauses\n\nc\nIntroduced\nPage 5\n\nCAYMAN ISLANDS\n\nVIRTUAL ASSET (SERVICE PROVIDERS)\n(AMENDMENT) (NO. 2) BILL, 2023\n\nArrangement of Clauses\nClause\nPage\n1.\nShort title and commencement ..................................................................................................7\n2.\nAmendment of section 25 of the Virtual Asset (Service Providers) Act (2022 Revision) -\nenforcement powers of the Authority ..........................................................................................7\n3.\nAmendment of section 32 - duty of auditor .................................................................................8\n4.\nAmendment of section 33 - entry and search of premises ..........................................................8\n\nVirtual Asset (Service Providers) (Amendment) (No. 2) Bill, 2023\nClause 1\n\nc\nIntroduced\nPage 7\n\nCAYMAN ISLANDS\n\nVIRTUAL ASSET (SERVICE PROVIDERS)\n(AMENDMENT) (NO. 2) BILL, 2023\n\nA BILL FOR AN ACT TO AMEND THE VIRTUAL ASSET (SERVICE PROVIDERS) ACT\n(2022 REVISION) TO UPDATE REFERENCES RELATING TO THE BENEFICIAL\nOWNERSHIP REGIME; 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 Beneficial\nOwnership Transparency Act, 2023 and the corporate services provider\nhas contravened that Act; or\u201d.\n\nClause 3\nVirtual Asset (Service Providers) (Amendment) (No. 2) Bill, 2023\n\nPage 8\nIntroduced\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 licensee is a\n\u201ccorporate services provider\u201d as defined by that 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 Act, the\nProceeds of Crime Act (2020 Revision) or the Beneficial Ownership\nTransparency Act, 2023;\u201d.\nPassed by the Parliament the              day of                           , 2023.\n\nSpeaker\n\nClerk of the Parliament","akn_extracted_at":"2026-06-22 15:41:32.682999+00","cms_id":"2023-0023","law_type":"bill","year":"2023","number":"23","title":"Financial Assistance (Appeals) Regulations, 2023","status":"bill"},"provenance":{"files":[{"file_id":"7115","expr_id":"2316","kind":"akn_xml","filename":"2023-0023.akn.xml","source_url":null,"storage_path":"\/Users\/q\/kyleg-data\/working\/BILLS\/2023\/2023-0023\/2023-0023.akn.xml","content_md5":"0efa743669b9f699d7c2bdefb89281d4","byte_size":"7036","http_last_modified":null,"fetched_at":"2026-06-22 15:41:32.777523+00"},{"file_id":"4631","expr_id":"2316","kind":"pristine_pdf","filename":"2023-0023.pdf","source_url":"\/cms\/images\/LEGISLATION\/BILLS\/2023\/2023-0023\/2023-0023.pdf","storage_path":"\/Users\/q\/kyleg-data\/pristine\/BILLS\/2023\/2023-0023\/2023-0023.pdf","content_md5":"79fc5b371efef0fc2c5c44609b88d431","byte_size":"658014","http_last_modified":null,"fetched_at":"2026-06-16 04:01:11.359338+00"},{"file_id":"4632","expr_id":"2316","kind":"working_pdf","filename":"2023-0023.pdf","source_url":"\/cms\/images\/LEGISLATION\/BILLS\/2023\/2023-0023\/2023-0023.pdf","storage_path":"\/Users\/q\/kyleg-data\/working\/BILLS\/2023\/2023-0023\/2023-0023.pdf","content_md5":"79fc5b371efef0fc2c5c44609b88d431","byte_size":"658014","http_last_modified":null,"fetched_at":"2026-06-16 04:01:11.359338+00"}],"paragraph_count":12,"latest_history":null},"quality":{"expr_id":"2316","doc_id":"2316","quality_state":"known_issue","quality_score":"47","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\": 1, \"high\": 1, \"medium\": 2}","finding_summary":"stored title is not visible in the opening extracted text; repeated line furniture detected: cayman islands x3; virtual asset service providers x3; amendment no 2 bill 2023 x3","assessed_at":"2026-06-22 15:29:46.394424+00","updated_at":"2026-06-22 15:29:46.394424+00"}}