{"kind":"expression","expression":{"expr_id":"261","doc_id":"261","label":"SL 62 of 2014","is_as_enacted":"t","commenced_on":null,"superseded_on":null,"valid_from":null,"valid_to":null,"is_current":"t","incorporating":null,"akn_expr_iri":"\/akn\/ky\/act\/sl\/2014\/62\/eng@2014-01-01","akn_envelope":"{\"_canary\": {\"iri\": {\"work\": \"\/akn\/ky\/act\/sl\/2014\/62\", \"expression\": \"\/akn\/ky\/act\/sl\/2014\/62\/eng@2014-01-01\", \"manifestation\": \"\/akn\/ky\/act\/sl\/2014\/62\/eng@2014-01-01.pdf\"}, \"pdf\": {\"md5\": \"cec1c7426121f856f3aec690bf1bc4f0\", \"path\": \"\/Users\/q\/kyleg-data\/working\/SUBORDINATE\/2014\/2014-0062\/2014-0062_SL 62 of 2014.pdf\", \"pages\": 9, \"filename\": \"2014-0062_SL 62 of 2014.pdf\"}, \"errors\": [], \"extraction\": {\"model\": null, \"stats\": {\"word_count\": 962, \"paragraph_count\": 10, \"text_char_count\": 6734}, \"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\": \"Auditors Oversight Law, 2011 (Law 23 of 2011) (SL 62 of 2014) SL 62 of 2014 PUBLISHING DETAILS Arrangement of Regulations SL 62 of 2014 Auditors Oversight Law, 2011 (Law 23 of 2011) (SL 62 of 2014) Arrangement of Regulations Regulation 1. 2. 3. 4. 5. 6. 7. 8.\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_9\", \"num\": \"9.\", \"text\": \"SCHEDULE INFORMATION REQUIRED FOR ENTRY ON THE REGISTER Regulation 1 SL 62 of 2014 Auditors Oversight Law, 2011 (Law 23 of 2011) (SL 62 of 2014) The Cabinet, in exercise of the powers conferred by section 33 of the Auditors Oversight Law, 2011, Law 23 of 2011, makes the following Regulations \u2014\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_1\", \"num\": \"1.\", \"text\": \"Citation and commencement 1. These Regulations may be cited as the Auditors Oversight Regulations, 2014.\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_2\", \"num\": \"2.\", \"text\": \"Definitions 2. In these Regulations \u2014 \u201capplicant\u201d means a person applying to be entered on the register as a recognized auditor; \u201cprincipal contact person\u201d means a partner or the equivalent of a partner in the case of a partnership or a director or the equivalent of a director in the case of a body corporate designated by an auditor to be the primary contact between the auditor and the Authority, who is responsible for ensuring that the applicant complies with the Rules and who has the authority to make the requisite undertakings on behalf of the applicant; and \u201cregulated audit\u201d means an audit of the financial statements of a market traded company and any other audit which is subject to the Authority\u2019s system of oversight. Regulation 3 SL 62 of 2014\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_3\", \"num\": \"3.\", \"text\": \"Exempted entities 3. (1) Each of the following shall be an exempted entity \u2014 (a) a company, partnership, unit trust or other entity, whether or not incorporated or established in the Islands that is an issuer exclusively of debt securities admitted to trading on a regulated market in a member state of the European Union within the meaning of Article 2(1)(b) of Directive 2004\/109\/EC, the denomination per unit of which is at least Euro 50,000 or, in the case of debt securities denominated in another currency, the equivalent, at the date of issue, to at least Euro 50, 000; and (b) a market traded company whose transferable securities are not, in the determination of the Authority, freely negotiable on the regulated market upon which the securities are listed or admitted, provided that the determination is published by the Authority in the Gazette.\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_4\", \"num\": \"4.\", \"text\": \"Contents of the register 4. The register shall contain the following information \u2014 (a) the name of a recognized auditor; (b) the registration number of a recognized auditor; (c) the date of registration of a recognized auditor; (d) the address from which a recognized auditor conducts audits which are subject to the Authority\u2019s system of oversight; (e) the conditions to which a recognized auditor\u2019s registration are subject; (f) the legal form of a recognized auditor; (g) the name of a recognized auditor\u2019s principal contact person in the Islands; (h) the business address of a recognized auditor\u2019s principal contact person in the Islands; (i) the names of a recognized auditor\u2019s responsible individuals; and (j) the business address of a recognized auditor\u2019s responsible individuals.\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_5\", \"num\": \"5.\", \"text\": \"Application for entry on the register 5. An application for entry on the register shall be made in the form provided for this purpose by the Authority and shall contain the information specified in the Schedule which shall be entered on the register.\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_6\", \"num\": \"6.\", \"text\": \"Changes to information on the register 6. A change to information on the register shall be notified to the Authority by a recognized auditor in the form provided for this purpose by the Authority. Regulation 7 SL 62 of 2014\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_7\", \"num\": \"7.\", \"text\": \"Annual confirmation of entry on the register 7. An annual return made to the Authority by a recognized auditor shall be in the form provided for this purpose by the Authority.\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_8\", \"num\": \"8.\", \"text\": \"Fees and other costs of oversight 8. (1) The application fee for entry on the register shall be one thousand dollars. (2) The non-refundable annual fee required for a recognized auditor to remain entered on the register shall be one thousand dollars. (3) The deregistration fee for a recognized auditor to be withdrawn from the register shall be two hundred and fifty dollars. 9. Authorized share capital 9. The authorized share capital of the Authority shall be one hundred thousand dollars. SCHEDULE SL 62 of 2014 SCHEDULE (Regulation 5) INFORMATION REQUIRED FOR ENTRY ON THE REGISTER The following information is required for entry on the register - (a) the address to which the Authority shall forward all communication; (b) the name and details of the applicant applying for registration as a recognized auditor; (c) the type of practice of the applicant to be registered; (d) the details of offices from which regulated audits will be conducted; (e) the trading name of applicants to be registered; (f) the details of the principal contact person; (g) the details of responsible individuals; (h) the details of market traded companies audited; and (i) the details of other regulated audits. Made in Cabinet the 11th day of November, 2014. Kim Bullings Clerk of the Cabinet.\", \"element\": \"section\", \"heading\": null}], \"meta\": {\"notes\": null, \"workflow\": null, \"lifecycle\": {\"source\": \"#cilegis\", \"eventRef\": [{\"eId\": \"e_commence_2014_01_01\", \"date\": \"2014-01-01\", \"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_2014_01_01\", \"timeInterval\": [{\"end\": null, \"start\": \"#e_commence_2014_01_01\", \"duration\": null, \"refersTo\": \"#inForce\"}]}]}, \"classification\": null, \"identification\": {\"source\": \"#cilegis\", \"FRBRWork\": {\"FRBRuri\": \"\/akn\/ky\/act\/sl\/2014\/62\", \"FRBRdate\": [{\"date\": \"2014-01-01\", \"name\": \"generation\"}], \"FRBRthis\": \"\/akn\/ky\/act\/sl\/2014\/62\/!main\", \"FRBRalias\": [{\"name\": \"cmsId\", \"value\": \"2014-0062\"}], \"FRBRauthor\": [{\"as\": \"#editor\", \"href\": \"\/akn\/ontology\/canary\/organization\/editor\/cilegis\"}], \"FRBRnumber\": \"62 of 2014\", \"FRBRcountry\": \"ky\", \"FRBRsubtype\": \"subordinate\"}, \"FRBRExpression\": {\"FRBRuri\": \"\/akn\/ky\/act\/sl\/2014\/62\/eng@2014-01-01\", \"FRBRdate\": [{\"date\": \"2014-01-01\", \"name\": \"generation\"}], \"FRBRthis\": \"\/akn\/ky\/act\/sl\/2014\/62\/eng@2014-01-01\/!main\", \"FRBRauthor\": [{\"as\": \"#editor\", \"href\": \"\/akn\/ontology\/canary\/organization\/editor\/cilegis\"}], \"FRBRlanguage\": \"eng\"}, \"FRBRManifestation\": {\"FRBRuri\": \"\/akn\/ky\/act\/sl\/2014\/62\/eng@2014-01-01.xml\", \"FRBRdate\": [{\"date\": \"2026-06-22\", \"name\": \"generation\"}], \"FRBRthis\": \"\/akn\/ky\/act\/sl\/2014\/62\/eng@2014-01-01.xml\", \"FRBRauthor\": [{\"as\": \"#editor\", \"href\": \"\/akn\/ontology\/canary\/organization\/editor\/cilegis\"}], \"FRBRformat\": \"application\/xml\"}}}, \"name\": \"act\", \"header\": {\"title\": \"Auditors Oversight Regulations\", \"actNumber\": \"62 of 2014\", \"longTitle\": null}}, \"doc\": null, \"bill\": null, \"judgment\": null}}","akn_full_text":"CAYMAN ISLANDS\n\nAuditors Oversight Law, 2011 (Law 23 of 2011)\nAUDITORS OVERSIGHT REGULATIONS,\n2014\n\n(SL 62 of 2014)\nSupplement No. 1 published with Extraordinary Gazette No. 86 dated 19th November, 2014.\n\nPage 2\nSL 62 of 2014\nc\n\nPUBLISHING DETAILS\n\nAuditors Oversight Regulations, 2014\nArrangement of Regulations\n\nc\nSL 62 of 2014\nPage 3\n\nCAYMAN ISLANDS\n\nAuditors Oversight Law, 2011 (Law 23 of 2011)\nAUDITORS OVERSIGHT REGULATIONS, 2014\n(SL 62 of 2014)\nArrangement of Regulations\nRegulation\nPage\n1.\nCitation and commencement .....................................................................................................5\n2.\nDefinitions ..................................................................................................................................5\n3.\nExempted entities ......................................................................................................................6\n4.\nContents of the register..............................................................................................................6\n5.\nApplication for entry on the register ............................................................................................6\n6.\nChanges to information on the register ......................................................................................6\n7.\nAnnual confirmation of entry on the register ...............................................................................7\n8.\nFees and other costs of oversight ..............................................................................................7\n9.\nAuthorized share capital ............................................................................................................7\nSCHEDULE\n9\nINFORMATION REQUIRED FOR ENTRY ON THE REGISTER\n9\n\nAuditors Oversight Regulations, 2014\nRegulation 1\n\nc\nSL 62 of 2014\nPage 5\n\nCAYMAN ISLANDS\n\nAuditors Oversight Law, 2011 (Law 23 of 2011)\nAUDITORS OVERSIGHT REGULATIONS, 2014\n(SL 62 of 2014)\nThe Cabinet, in exercise of the powers conferred by section 33 of the Auditors Oversight\nLaw, 2011, Law 23 of 2011, makes the following Regulations \u2014\n1.\nCitation and commencement\n1.\nThese Regulations may be cited as the Auditors Oversight Regulations, 2014.\n2.\nDefinitions\n2.\nIn these Regulations \u2014\n\u201capplicant\u201d means a person applying to be entered on the register as a\nrecognized auditor;\n\u201cprincipal contact person\u201d means a partner or the equivalent of a partner in\nthe case of a partnership or a director or the equivalent of a director in the case\nof a body corporate designated by an auditor to be the primary contact\nbetween the auditor and the Authority, who is responsible for ensuring that the\napplicant complies with the Rules and who has the authority to make the\nrequisite undertakings on behalf of the applicant; and\n\u201cregulated audit\u201d means an audit of the financial statements of a market\ntraded company and any other audit which is subject to the Authority\u2019s system\nof oversight.\n\nRegulation 3\nAuditors Oversight Regulations, 2014\n\nPage 6\nSL 62 of 2014\nc\n\n3.\nExempted entities\n3.\n(1) Each of the following shall be an exempted entity \u2014\n(a)\na company, partnership, unit trust or other entity, whether or not\nincorporated or established in the Islands that is an issuer exclusively of\ndebt securities admitted to trading on a regulated market in a member\nstate of the European Union within the meaning of Article 2(1)(b) of\nDirective 2004\/109\/EC, the denomination per unit of which is at least\nEuro 50,000 or, in the case of debt securities denominated in another\ncurrency, the equivalent, at the date of issue, to at least Euro 50, 000; and\n(b) a market traded company whose transferable securities are not, in the\ndetermination of the Authority, freely negotiable on the regulated market\nupon which the securities are listed or admitted, provided that the\ndetermination is published by the Authority in the Gazette.\n4.\nContents of the register\n4.\nThe register shall contain the following information \u2014\n(a)\nthe name of a recognized auditor;\n(b) the registration number of a recognized auditor;\n(c)\nthe date of registration of a recognized auditor;\n(d) the address from which a recognized auditor conducts audits which are\nsubject to the Authority\u2019s system of oversight;\n(e)\nthe conditions to which a recognized auditor\u2019s registration are subject;\n(f)\nthe legal form of a recognized auditor;\n(g) the name of a recognized auditor\u2019s principal contact person in the\nIslands;\n(h) the business address of a recognized auditor\u2019s principal contact person in\nthe Islands;\n(i)\nthe names of a recognized auditor\u2019s responsible individuals; and\n(j)\nthe business address of a recognized auditor\u2019s responsible individuals.\n5.\nApplication for entry on the register\n5.\nAn application for entry on the register shall be made in the form provided for this\npurpose by the Authority and shall contain the information specified in the Schedule\nwhich shall be entered on the register.\n6.\nChanges to information on the register\n6.\nA change to information on the register shall be notified to the Authority by a\nrecognized auditor in the form provided for this purpose by the Authority.\n\nAuditors Oversight Regulations, 2014\nRegulation 7\n\nc\nSL 62 of 2014\nPage 7\n\n7.\nAnnual confirmation of entry on the register\n7.\nAn annual return made to the Authority by a recognized auditor shall be in the form\nprovided for this purpose by the Authority.\n8.\nFees and other costs of oversight\n8.\n(1) The application fee for entry on the register shall be one thousand dollars.\n(2) The non-refundable annual fee required for a recognized auditor to remain\nentered on the register shall be one thousand dollars.\n(3) The deregistration fee for a recognized auditor to be withdrawn from the\nregister shall be two hundred and fifty dollars.\n9.\nAuthorized share capital\n9.\nThe authorized share capital of the Authority shall be one hundred thousand dollars.\n\nAuditors Oversight Regulations, 2014\nSCHEDULE\n\nc\nSL 62 of 2014\nPage 9\n\n SCHEDULE\n (Regulation 5)\nINFORMATION REQUIRED FOR ENTRY ON THE REGISTER\nThe following information is required for entry on the register -\n(a)\nthe address to which the Authority shall forward all communication;\n(b) the name and details of the applicant applying for registration as a\nrecognized auditor;\n(c)\nthe type of practice of the applicant to be registered;\n(d) the details of offices from which regulated audits will be conducted;\n(e)\nthe trading name of applicants to be registered;\n(f)\nthe details of the principal contact person;\n(g) the details of responsible individuals;\n(h) the details of market traded companies audited; and\n(i)\nthe details of other regulated audits.\nMade in Cabinet the 11th day of November, 2014.\nKim Bullings\nClerk of the Cabinet.","akn_extracted_at":"2026-06-22 15:38:06.559554+00","cms_id":"2014-0062","law_type":"subordinate","year":"2014","number":"62","title":"Auditors Oversight Regulations","status":"in_force"},"provenance":{"files":[{"file_id":"5136","expr_id":"261","kind":"akn_xml","filename":"2014-0062_SL 62 of 2014.akn.xml","source_url":null,"storage_path":"\/Users\/q\/kyleg-data\/working\/SUBORDINATE\/2014\/2014-0062\/2014-0062_SL 62 of 2014.akn.xml","content_md5":"a46bd093d75e3c9ff60ebae98f921685","byte_size":"8690","http_last_modified":null,"fetched_at":"2026-06-22 15:38:06.652847+00"},{"file_id":"521","expr_id":"261","kind":"pristine_pdf","filename":"2014-0062_SL 62 of 2014.pdf","source_url":"\/cms\/images\/LEGISLATION\/SUBORDINATE\/2014\/2014-0062\/2014-0062_SL 62 of 2014.pdf","storage_path":"\/Users\/q\/kyleg-data\/pristine\/SUBORDINATE\/2014\/2014-0062\/2014-0062_SL 62 of 2014.pdf","content_md5":"cec1c7426121f856f3aec690bf1bc4f0","byte_size":"348722","http_last_modified":null,"fetched_at":"2026-06-21 23:09:33.886209+00"},{"file_id":"522","expr_id":"261","kind":"working_pdf","filename":"2014-0062_SL 62 of 2014.pdf","source_url":"\/cms\/images\/LEGISLATION\/SUBORDINATE\/2014\/2014-0062\/2014-0062_SL 62 of 2014.pdf","storage_path":"\/Users\/q\/kyleg-data\/working\/SUBORDINATE\/2014\/2014-0062\/2014-0062_SL 62 of 2014.pdf","content_md5":"cec1c7426121f856f3aec690bf1bc4f0","byte_size":"348722","http_last_modified":null,"fetched_at":"2026-06-21 23:09:33.886209+00"}],"paragraph_count":10,"latest_history":null},"quality":{"expr_id":"261","doc_id":"261","quality_state":"needs_review","quality_score":"72","needs_human_review":"t","deterministic_categories":"{commencement_metadata_problem,duplicate_text,page_header_footer_noise}","llm_categories":"{other}","repair_actions":"{collapse_duplicate_text,manual_review,strip_page_furniture,verify_commencement_metadata}","finding_severity_counts":"{\"medium\": 1}","finding_summary":"Duplicate introductory text blocks detected; review for potential duplication artifacts.","assessed_at":"2026-06-22 15:29:45.451544+00","updated_at":"2026-06-22 15:29:45.451544+00"}}