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These amendments make the specified definitions in the legislation consistent with the definitions in the Mutual Funds Act (2025 Revision) and the Private Funds Act (2025 Revision). The amendments seek to make it clear that the issuance, creation, sale, transfer or other disposition of tokenised equity or investment interests by regulated mutual funds and private investment funds is not the issuance of virtual assets under the principal Act. The Bill also repeals the Virtual Asset (Service Providers) (Amendment) Act, 2025. Clause 1 provides the short title of the legislation. Clause 2 amends section 2 of the principal Act to amend the definition of the words \u201cissuance of virtual assets\u201d and to insert new definitions in respect of the words \u201cdigital equity token\u201d, \u201cdigital investment token\u201d, \u201ctokenised mutual fund\u201d and \u201ctokenised private fund\u201d. Clause 3 provides for the repeal of the Virtual Asset (Service Providers) (Amendment) Act, 2025. Virtual Asset (Service Providers) (Amendment) Bill, 2026 Clause 1 Introduced VIRTUAL ASSET (SERVICE PROVIDERS) (AMENDMENT) BILL, 2026 A BILL FOR AN ACT TO AMEND THE VIRTUAL ASSET (SERVICE PROVIDERS) ACT (2024 REVISION) TO AMEND THE INTERPRETATION SECTION TO PROVIDE DEFINITIONS FOR, AMONG OTHER THINGS, \u201cTOKENISED MUTUAL FUNDS\u201d AND TOKENISED PRIVATE FUNDS; TO REPEAL THE VIRTUAL ASSET (SERVICES PROVIDERS) (AMENDMENT) ACT, 2025; 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 Virtual Asset (Service Providers) (Amendment) Act, 2026.\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_2\", \"num\": \"2.\", \"text\": \"Amendment of section 2 of the Virtual Asset (Service Providers) Act (2024 Revision) - interpretation 2. The Virtual Asset (Service Providers) Act (2024 Revision) is amended in section 2(1) as follows \u2014 (a) by deleting the definition of \u201c \u201cissuance of virtual assets\u201d or \u201cvirtual asset issuance\u201d \u201d and substituting the following definition \u2014 Clause 2 Virtual Asset (Service Providers) (Amendment) Bill, 2026 Introduced \u201c \u201cissuance of virtual assets\u201d or \u201cvirtual asset issuance\u201d means the sale of newly created virtual assets to the public in or from within the Islands in exchange for fiat currency, other virtual assets or other consideration, but does not include \u2014 (a) the sale of virtual service tokens; or (b) the issuance of \u2014 (i) a digital equity token by a tokenised mutual fund in accordance with the Mutual Funds Act (2025 Revision); or (ii) a digital investment token by a tokenised private fund in accordance with the Private Funds Act (2025 Revision);\u201d; and (b) by inserting, in the appropriate alphabetical sequence, the following definitions \u2014 \u201c \u201cdigital equity token\u201d has the same meaning as in section 2 of the Mutual Funds Act (2025 Revision); \u201cdigital investment token\u201d has the same meaning as in section 2 of the Private Funds Act (2025 Revision); \u201ctokenised mutual fund\u201d has the same meaning as in section 2 of the Mutual Funds Act (2025 Revision); and \u201ctokenised private fund\u201d has the same meaning as in section 2 of the Private Funds Act (2025 Revision);\u201d. Virtual Asset (Service Providers) (Amendment) Bill, 2026 Clause 3 Introduced\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_3\", \"num\": \"3.\", \"text\": \"Repeal of the Virtual Asset (Service Providers) (Amendment) Act, 2025 3. The Virtual Asset (Service Providers) (Amendment) Act, 2025 is repealed. Passed by the Parliament the day of , 2026. 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These amendments make the specified definitions in the\nlegislation consistent with the definitions in the Mutual Funds Act (2025 Revision) and the\nPrivate Funds Act (2025 Revision). The amendments seek to make it clear that the\nissuance, creation, sale, transfer or other disposition of tokenised equity or investment\ninterests by regulated mutual funds and private investment funds is not the issuance of\nvirtual assets under the principal Act. The Bill also repeals the Virtual Asset (Service\nProviders) (Amendment) Act, 2025.\nClause 1 provides the short title of the legislation.\nClause 2 amends section 2 of the principal Act to amend the definition of the words\n\u201cissuance of virtual assets\u201d and to insert new definitions in respect of the words \u201cdigital\nequity token\u201d, \u201cdigital investment token\u201d, \u201ctokenised mutual fund\u201d and \u201ctokenised private\nfund\u201d.\nClause 3 provides for the repeal of the Virtual Asset (Service Providers) (Amendment) Act,\n2025.\n\nVirtual Asset (Service Providers) (Amendment) Bill, 2026\nClause 1\n\nc\nIntroduced\nPage 5\n\nCAYMAN ISLANDS\n\nVIRTUAL ASSET (SERVICE PROVIDERS)\n(AMENDMENT) BILL, 2026\n\nA BILL FOR AN ACT TO AMEND THE VIRTUAL ASSET (SERVICE PROVIDERS) ACT\n(2024 REVISION) TO AMEND THE INTERPRETATION SECTION TO PROVIDE\nDEFINITIONS FOR, AMONG OTHER THINGS, \u201cTOKENISED MUTUAL FUNDS\u201d AND\nTOKENISED PRIVATE FUNDS; TO REPEAL THE VIRTUAL ASSET (SERVICES\nPROVIDERS) (AMENDMENT) ACT, 2025; AND FOR INCIDENTAL AND CONNECTED\nPURPOSES\nENACTED by the Legislature of the Cayman Islands.\n1.\nShort title\n1.\nThis Act may be cited as the Virtual Asset (Service Providers) (Amendment) Act,\n2026.\n2.\nAmendment of section 2 of the Virtual Asset (Service Providers) Act (2024\nRevision) - interpretation\n2.\nThe Virtual Asset (Service Providers) Act (2024 Revision) is amended in section 2(1)\nas follows \u2014\n(a)\nby deleting the definition of \u201c \u201cissuance of virtual assets\u201d or \u201cvirtual\nasset issuance\u201d \u201d and substituting the following definition \u2014\n\nClause 2\nVirtual Asset (Service Providers) (Amendment) Bill, 2026\n\nPage 6\nIntroduced\nc\n\n\u201c \u201cissuance of virtual assets\u201d or \u201cvirtual asset issuance\u201d means the\nsale of newly created virtual assets to the public in or from within the\nIslands in exchange for fiat currency, other virtual assets or other\nconsideration, but does not include \u2014\n(a)\nthe sale of virtual service tokens; or\n(b) the issuance of \u2014\n(i)\na digital equity token by a tokenised mutual fund in\naccordance with the Mutual Funds Act (2025 Revision);\nor\n(ii) a digital investment token by a tokenised private fund in\naccordance with the Private Funds Act (2025 Revision);\u201d;\nand\n(b) by inserting, in the appropriate alphabetical sequence, the following\ndefinitions \u2014\n\u201c \u201cdigital equity token\u201d has the same meaning as in section 2 of the\nMutual Funds Act (2025 Revision);\n\u201cdigital investment token\u201d has the same meaning as in section 2 of\nthe Private Funds Act (2025 Revision);\n\u201ctokenised mutual fund\u201d has the same meaning as in section 2 of\nthe Mutual Funds Act (2025 Revision); and\n\u201ctokenised private fund\u201d has the same meaning as in section 2 of\nthe Private Funds Act (2025 Revision);\u201d.\n\nVirtual Asset (Service Providers) (Amendment) Bill, 2026\nClause 3\n\nc\nIntroduced\nPage 7\n\n3.\nRepeal of the Virtual Asset (Service Providers) (Amendment) Act, 2025\n3.\nThe Virtual Asset (Service Providers) (Amendment) Act, 2025 is repealed.\nPassed by the Parliament the\nday of\n, 2026.\nSpeaker\nClerk of the Parliament","akn_extracted_at":"2026-06-22 15:41:12.965295+00","cms_id":"2026-0003","law_type":"bill","year":"2026","number":"3","title":"2026-0003","status":"bill"},"provenance":{"files":[{"file_id":"7163","expr_id":"2364","kind":"akn_xml","filename":"2026-0003.akn.xml","source_url":null,"storage_path":"\/Users\/q\/kyleg-data\/working\/BILLS\/2026\/2026-0003\/2026-0003.akn.xml","content_md5":"fab2a5b6c798121c68ddfae6a1adf58e","byte_size":"7161","http_last_modified":null,"fetched_at":"2026-06-22 15:41:13.010436+00"},{"file_id":"4727","expr_id":"2364","kind":"pristine_pdf","filename":"2026-0003.pdf","source_url":"\/cms\/images\/LEGISLATION\/BILLS\/2026\/2026-0003\/2026-0003.pdf","storage_path":"\/Users\/q\/kyleg-data\/pristine\/BILLS\/2026\/2026-0003\/2026-0003.pdf","content_md5":"2adf8f1e265b73d6bbb919f055308c6c","byte_size":"405430","http_last_modified":null,"fetched_at":"2026-06-16 04:01:11.389447+00"},{"file_id":"4728","expr_id":"2364","kind":"working_pdf","filename":"2026-0003.pdf","source_url":"\/cms\/images\/LEGISLATION\/BILLS\/2026\/2026-0003\/2026-0003.pdf","storage_path":"\/Users\/q\/kyleg-data\/working\/BILLS\/2026\/2026-0003\/2026-0003.pdf","content_md5":"2adf8f1e265b73d6bbb919f055308c6c","byte_size":"405430","http_last_modified":null,"fetched_at":"2026-06-16 04:01:11.389447+00"}],"paragraph_count":12,"latest_history":null},"quality":{"expr_id":"2364","doc_id":"2364","quality_state":"known_issue","quality_score":"59","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":"{\"low\": 1, \"high\": 1, \"medium\": 1}","finding_summary":"stored title is not visible in the opening extracted text; 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