{"kind":"expression","expression":{"expr_id":"309","doc_id":"309","label":"2026 Revision","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\/act\/sl\/2019\/41\/eng@2026-01-01","akn_envelope":"{\"_canary\": {\"iri\": {\"work\": \"\/akn\/ky\/act\/sl\/2019\/41\", \"expression\": \"\/akn\/ky\/act\/sl\/2019\/41\/eng@2026-01-01\", \"manifestation\": \"\/akn\/ky\/act\/sl\/2019\/41\/eng@2026-01-01.pdf\"}, \"pdf\": {\"md5\": \"a9b36eeb9244e5060c8837695e04e948\", \"path\": \"\/Users\/q\/kyleg-data\/working\/SUBORDINATE\/2019\/2019-0041\/2019-0041_2026 Revision.pdf\", \"pages\": 20, \"filename\": \"2019-0041_2026 Revision.pdf\"}, \"errors\": [], \"extraction\": {\"model\": null, \"stats\": {\"word_count\": 2821, \"paragraph_count\": 22, \"text_char_count\": 19780}, \"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\": \"Securities Investment Business Act (2020 Revision) SECURITIES INVESTMENT BUSINESS (REGISTRATION AND DEREGISTRATION) REGULATIONS (2026 Revision) PUBLISHING DETAILS The Securities Investment Business (Registration and Deregistration) Regulations 2019, as amended by the Citation of Acts of Parliament Act, 2020, consolidated with the \u2014 Securities Investment Business (Registration and Deregistration) (Amendment) Regulations, 2024 Revised under the authority of the Law Revision Act (2020 Revision) Originally made \u2014 Regulations, 2003-22nd Oct, 2019 Regulations, 2024-17th December, 2024. Consolidated and revised this 31st day of December, 2025. Securities Investment Business (Registration and Deregistration) Regulations (2026 Revision) Arrangement of Regulations Securities Investment Business Act (2020 Revision) SECURITIES INVESTMENT BUSINESS (REGISTRATION AND DEREGISTRATION) REGULATIONS (2026 Revision) Arrangement of Regulations Regulation\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_1\", \"num\": \"1.\", \"text\": \"1A. 2. 3. 4. 5. 6. 7. 8.\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_9\", \"num\": \"9.\", \"text\": \"SCHEDULE PART A \u2013 APPLICANT\u2019S GENERAL INFORMATION PART B \u2013 SERVICE PROVIDERS PART C \u2013 ANTI-MONEY LAUNDERING OFFICER ENDNOTES Securities Investment Business (Registration and Deregistration) Regulations (2026 Revision) Regulation 1 Securities Investment Business Act (2020 Revision) SECURITIES INVESTMENT BUSINESS (REGISTRATION AND DEREGISTRATION) REGULATIONS (2026 Revision) 1. Citation 1. These Regulations may be cited as the Securities Investment Business (Registration and Deregistration) Regulations (2026 Revision). 1A. Definitions 1A. \u201cprincipal Act\u201d means the Securities Investment Business Act (2020 Revision);\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_2\", \"num\": \"2.\", \"text\": \"Application for registration 2. (1) An applicant for registration as a registered person under the principal Act shall submit to the Authority \u2014 (a) the completed application form; (b) any other information requested by the Authority for the purposes of assessing the application; and (c) the registration fee specified in regulation 9. (2) The application form for registration as a registered person under the principal Act, and the information to accompany the application, are set out in the Schedule and in guidance notes issued by the Authority. (3) The Authority may require an applicant or its registered office to clarify or supplement information initially provided in the application. Regulation 3 Securities Investment Business (Registration and Deregistration) Regulations (2026 Revision)\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_3\", \"num\": \"3.\", \"text\": \"Procedure for deregistration 3. (1) A registered person that ceases to carry on any regulated activity listed in Schedule 2 of the principal Act shall apply to the Authority for deregistration in accordance with this regulation. (2) The applicant, prior to applying for deregistration, shall ensure that \u2014 (a) the relevant fees are paid; (b) the applicant\u2019s required annual declarations have been submitted; and (c) the applicant has no outstanding queries from, or regulatory filings with, the Authority. (3) The applicant shall submit to the Authority the following \u2014 (a) written notice of the applicant\u2019s intention to deregister in accordance with section 5(4B) of the principal Act; (b) the fee for deregistration specified in regulation 9; (c) a certified copy of the resolution of its senior officers which indicates the date on which the registered person has ceased to carry on, as a business, the relevant regulated activities listed in Schedule 2 of the principal Act; and (d) an affidavit which shall be filed in accordance with paragraph (4). (4) The senior officer of the applicant shall file an affidavit for, or on behalf of, the applicant, that attests to the following \u2014 (a) the reason for the cessation of business; (b) that, as far as the senior officer is aware, the applicant has operated in accordance with its articles or other constitutional documents; (c) that all client relationships have been properly terminated or transferred to another service provider; (d) that the applicant has not conducted its securities investment business and has not wound up such business in a manner that is prejudicial to its clients and creditors; and (e) that the applicant intends either \u2014 (i) to continue as a legal entity in the Islands; (ii) to apply to be struck-off from the relevant register by the respective Registrar in the Islands; or (iii) to merge with another registered person. (5) A registered person that ceases to carry on any regulated activity listed in Schedule 2 of the principal Act for any of the following reasons referred to in subparagraphs (a) to (d) shall apply for deregistration in accordance with the relevant procedure set out in regulations 4 to 9 \u2014 Securities Investment Business (Registration and Deregistration) Regulations (2026 Revision) Regulation 4 (a) the registered person is being wound up; (b) the registered person is being merged with another registered person; (c) the registered person seeks to cancel its registration with the Authority by reason of its transfer to another jurisdiction; or (d) the registered person has never carried on business. (6) Where an applicant submits the particulars referred to in paragraph (3)(a) to (c), the Authority shall assign \u201cregistration under termination\u201d status, until the documents applicable to the respective reason for which the applicant ceases to carry out securities investment business are submitted to and received by the Authority. (7) Where an applicant is assigned \u201cregistration under termination\u201d status and the Authority \u2014 (a) receives from the applicant the documents submitted in accordance with the relevant procedure referred to in paragraphs (4) and (5); and (b) is satisfied that the applicant has complied with these Regulations, the Authority shall deregister the applicant. (8) In this regulation, \u201cproperly terminated or transferred\u201d means, in relation to client relationships, that \u2014 (a) a registered person has paid money due to all clients and there are no residual cash or other assets owed or potentially owed to clients; or (b) client relationships have been fully transferred to another service provider.\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_4\", \"num\": \"4.\", \"text\": \"Voluntary liquidation of a registered person 4. A registered person that ceases to carry on securities investment business due to the commencement of voluntary liquidation of the registered person shall apply to the Authority for deregistration and shall provide the following to the Authority \u2014 (a) notice of voluntary winding up of the registered person (Form No. 19 of the Companies Winding Up Rules (2023 Consolidation); (b) voluntary liquidator\u2019s consent to act (Form No. 20 of the Companies Winding Up Rules (2023 Consolidation); and (c) declaration of solvency (Form No. 21 of the Companies Winding Up Rules (2023 Consolidation).\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_5\", \"num\": \"5.\", \"text\": \"Court supervised or court appointed liquidation of a registered person 5. A registered person that ceases to carry on securities investment business due to the court supervised or appointed liquidation of the registered person shall apply for deregistration and shall provide to the Authority a certified copy of the supervision or winding up order issued by the Grand Court. Regulation 6 Securities Investment Business (Registration and Deregistration) Regulations (2026 Revision)\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_6\", \"num\": \"6.\", \"text\": \"Merger with another registered person 6. (1) A registered person that ceases to carry on securities investment business in the Islands by reason of its intended merger with another registered person shall apply for deregistration and shall provide the following to the Authority \u2014 (a) an application to the Authority for prior approval of the merger which shall be accompanied by \u2014 (i) resolutions of the merging and surviving parties; and (ii) the plan of merger and appendices; and (b) such other documents as the Authority may specify. (2) Where the Authority approves the application referred to in paragraph (1)(a), the surviving registered person shall, upon the merger becoming effective, provide to the Authority a certified copy of the certificate of merger within seven days of its issuance.\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_7\", \"num\": \"7.\", \"text\": \"Transfer to another jurisdiction 7. (1) A registered person that ceases to carry on securities investment business in the Islands by reason of the transfer of its legal entity to another jurisdiction shall apply for deregistration in accordance with paragraph (2). (2) The applicant referred to in paragraph (1) shall provide to the Authority an affidavit from its senior officer that attests to the following \u2014 (a) the reason for the transfer and name of the jurisdiction to which the registered person is being transferred; (b) that the registered person has operated in accordance with the articles or other constitutional documents of the registered person; and (c) that the transfer is not prejudicial to the registered person\u2019s clients or creditors.\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_8\", \"num\": \"8.\", \"text\": \"Registered person that never carried on business 8. (1) A registered person that has never carried on business as a registered person shall apply for deregistration in accordance with paragraph (2). (2) The applicant shall provide to the Authority an affidavit by its senior officer that attests to the fact that the registered person has never carried on such business. (3) In this regulation, \u201cregistered person that has never carried on business\u201d means a registered person that has not commenced any client relationships contractually or otherwise for the purpose of carrying on securities investment business. Securities Investment Business (Registration and Deregistration) Regulations (2026 Revision) Regulation 9 9. Fees for services payable to the Authority 9. (1) An applicant for registration as a registered person under the Act shall pay a registration fee of six thousand dollars to the Authority. (2)  A registered person shall pay an annual fee of six thousand dollars to the Authority. SCHEDULE Securities Investment Business (Registration and Deregistration) Regulations (2026 Revision) SCHEDULE (Regulation 2(2)) FORM APPLICATION FOR REGISTRATION AS A REGISTERED PERSON PURSUANT TO SECTION 5(4) OF THE SECURITIES INVESTMENT BUSINESS ACT (2020 REVISION) INFORMATION TO BE PROVIDED IN, AND ACCOMPANY, AN APPLICATION FOR REGISTRATION AS A REGISTERED PERSON APPLICATION NUMBER: PART A \u2013 APPLICANT\u2019S GENERAL INFORMATION 1. Name 2. If the applicant been incorporated or established under a previous or different name, provide \u2014 (a) the previous name or names; and (b) provide any trading names (current and previous) under which business has been conducted. 3. Date and places of formation 4. Legal entity identifier, if available 5. Legal structure 6. Company, partnership or limited liability company registration number of the applicant 7. Provide certificate of incorporation or registration or official record of formation. Securities Investment Business (Registration and Deregistration) Regulations (2026 Revision) SCHEDULE 8. Identify the basis for the applicant to register under section 5(4) of the principal Act \u2014 (a) paragraph 1 of Schedule 4 of the principal Act; (b) paragraph 2 of Schedule 4 of the principal Act; or (c) paragraph 3 of Schedule 4 of the principal Act. 9. Is the applicant conducting securities investment business overseas? If so \u2014 (a) specify the date on which the applicant began conducting securities investment business; and (b)  specify the country or countries in which the applicant is conducting securities investment business.\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_10\", \"num\": \"10.\", \"text\": \"If the applicant is registering pursuant to paragraph 3 of Schedule 4 of the principal Act, provide \u2014 (a)  the names of the countries or territories in which the applicant is conducting regulated securities investment business; (b)  the name of the overseas regulatory authority or authorities that regulates the applicant\u2019s overseas\u2019 securities investment business; and (c)  the name  and title of a contact person at each overseas regulatory authority referred to in subparagraph (b).\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_11\", \"num\": \"11.\", \"text\": \"If the applicant is registering pursuant to paragraph 1 of Schedule 4 of the principal Act, provide the following information in respect of each company within the group of companies receiving services from the applicant \u2014 (a)  name of company; (b)  principal activity; (c)  country of incorporation or establishment; and (d)  group organisation chart.\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_12\", \"num\": \"12.\", \"text\": \"Confirm if the applicant provides or offers the following services \u2014 (a) securities advisor; (b) securities manager; (c) securities arranger; (d) broker dealer; or SCHEDULE Securities Investment Business (Registration and Deregistration) Regulations (2026 Revision) (e) market maker.\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_13\", \"num\": \"13.\", \"text\": \"Provide client list (current or proposed, if known), indicate if each client is private, professional or a market counterparty in accordance with the classifications set out in regulation 12 of the Securities Investment Business (Conduct of Business) Regulations, 2003 and specify with respect to each client which of the services in paragraph 12 are provided to each client.\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_14\", \"num\": \"14.\", \"text\": \"Directors or Principals of the General Partner or Managing Members (a) Title (b) First name (c) Last name (d) Director ID (e) Date of birth (f) Country of birth\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_15\", \"num\": \"15.\", \"text\": \"Senior Officers (excluding Money Laundering Reporting Officer, Deputy Money Laundering Reporting Officer and Anti-Money Laundering Compliance Officer) (a) Title (b) First name (c) Last name (d) Director ID (e) Date of birth (f) Country of birth\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_16\", \"num\": \"16.\", \"text\": \"Shareholders \u2013 List all shareholders and beneficial interest holders who are natural persons (a) Title (b) First name (c) Last name (d) Director ID (e) Date of birth (f) Country of birth (g) Percentage holding Securities Investment Business (Registration and Deregistration) Regulations (2026 Revision) SCHEDULE\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_17\", \"num\": \"17.\", \"text\": \"Corporate Shareholders \u2013 List all corporate shareholders to the applicant, as well as the beneficial owners (including corporate beneficial owners) and the ultimate beneficial owner of each corporate entity (a) Entity name (b) Percentage holding (c) Type of structure (d) Country of incorporation (e) Date of incorporation (f) Ultimate beneficial owner\u2019s full name (g) CIMA ID (if applicable and known)\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_18\", \"num\": \"18.\", \"text\": \"Where a corporate shareholder identified under paragraph 17 is traded as a public company on a recognised exchange, provide \u2014 (a) the name of the recognised exchange; and (b) the evidence of listing on the recognised exchange.\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_19\", \"num\": \"19.\", \"text\": \"Where a corporate shareholder identified under paragraph 17 is not traded as a public company on a recognised exchange, confirm \u2014 (a) the ultimate beneficial owner\u2019s full name; (b) the CIMA ID (if applicable and known); and (c) the personal questionnaire of the ultimate beneficial owner.\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_20\", \"num\": \"20.\", \"text\": \"Where the corporate shareholder identified under paragraph 17 is ultimately owned by an entity traded as a public company on a recognised exchange, the applicant shall instead confirm \u2014 (a) the name of the ultimate publicly traded owner; (b) the name of the recognised exchange applicable to such publicly traded ultimate beneficial owner; and (c) the evidence of listing of publicly traded ultimate beneficial owner.\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_21\", \"num\": \"21.\", \"text\": \"Attach organisation chart where there are corporate shareholders. SCHEDULE Securities Investment Business (Registration and Deregistration) Regulations (2026 Revision) PART B \u2013 SERVICE PROVIDERS 1. Details of each service provider to the applicant (including the applicant\u2019s registered office) (a) Name of service provider (b) Mailing and street address (c) Phone number (d) Email address 2. Principal contact of each service provider (a) Full name of principal contact (b) Position of principal contact (c) Mailing and street address (d) Phone number (e) E-mail address Securities Investment Business (Registration and Deregistration) Regulations (2026 Revision) SCHEDULE PART C \u2013 ANTI-MONEY LAUNDERING OFFICER DETAILS OF EACH ANTI-MONEY LAUNDERING COMPLIANCE OFFICER, DEPUTY ANTI-MONEY LAUNDERING COMPLIANCE OFFICER (IF APPLICABLE), MONEY LAUNDERING REPORTING OFFICER AND DEPUTY MONEY LAUNDERING REPORTING OFFICER 1. CIMA ID (if applicable and known) 2. Full name 3. Other names (aliases) 4. Mailing and street address 5. Date of birth 6. Country of birth 7. Gender 8. Occupation and job title 9. Name of employer 10. Street and mailing address of employer 11. Phone number of employer 12. Email  address of employer 13. Professional qualification (a) Description (b) Date (c) Accrediting Body (d) Type 14. Attach CV or resume. SCHEDULE Securities Investment Business (Registration and Deregistration) Regulations (2026 Revision) Publication in consolidated and revised form authorised by the Cabinet this 28th day of January, 2026. Kim Bullings Clerk of Cabinet Securities Investment Business (Registration and Deregistration) Regulations (2026 Revision) ENDNOTES ENDNOTES Table of Legislation history: SL # Act\/Law # Legislation Commencement Gazette 77\/2024 Securities Investment Business (Registration and Deregistration) (Amendment) Regulations, 2024 1-Jan-2025 LG47\/2024\/s43 56\/2020 Citation of Acts of Parliament Act, 2020 3-Dec-2020 LG89\/2020\/s1 41\/2019 Securities Investment Business (Registration and Deregistration) Regulations, 2019 24-Oct-2019 LG40\/2019\/s2 ENDNOTES Securities Investment Business (Registration and Deregistration) Regulations (2026 Revision) Securities Investment Business (Registration and Deregistration) Regulations (2026 Revision) ENDNOTES ENDNOTES Securities Investment Business (Registration and Deregistration) Regulations (2026 Revision) (Price: $4.00)\", \"element\": \"section\", \"heading\": null}], \"meta\": {\"notes\": null, \"workflow\": null, \"lifecycle\": {\"source\": 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\"generation\"}], \"FRBRthis\": \"\/akn\/ky\/act\/sl\/2019\/41\/eng@2026-01-01.xml\", \"FRBRauthor\": [{\"as\": \"#editor\", \"href\": \"\/akn\/ontology\/canary\/organization\/editor\/cilegis\"}], \"FRBRformat\": \"application\/xml\"}}}, \"name\": \"act\", \"header\": {\"title\": \"Securities Investment Business (Registration and Deregistration) Regulations\", \"actNumber\": \"41 of 2019\", \"longTitle\": null}}, \"doc\": null, \"bill\": null, \"judgment\": null}}","akn_full_text":"CAYMAN ISLANDS\n\nSecurities Investment Business Act\n(2020 Revision)\nSECURITIES INVESTMENT BUSINESS (REGISTRATION AND\nDEREGISTRATION) REGULATIONS\n(2026 Revision)\n\nSupplement No. 6 published with Legislation Gazette No. 9 dated 12th February, 2026.\n\u2000\n\nPage 2\nRevised as at 31st December, 2025\nc\n\nPUBLISHING DETAILS\nThe Securities Investment Business (Registration and Deregistration) Regulations 2019,\nas amended by the Citation of Acts of Parliament Act, 2020, consolidated with the \u2014\n\nSecurities Investment Business (Registration and Deregistration) (Amendment)\nRegulations, 2024\n\nRevised under the authority of the Law Revision Act (2020 Revision)\n\nOriginally made \u2014\nRegulations, 2003-22nd Oct, 2019\nRegulations, 2024-17th December, 2024.\n\nConsolidated and revised this 31st day of December, 2025.\n\nSecurities Investment Business (Registration and Deregistration)\nRegulations (2026 Revision)\nArrangement of Regulations\n\nc\nRevised as at 31st December, 2025\nPage 3\n\nCAYMAN ISLANDS\n\nSecurities Investment Business Act\n(2020 Revision)\nSECURITIES INVESTMENT BUSINESS (REGISTRATION AND\nDEREGISTRATION) REGULATIONS\n(2026 Revision)\nArrangement of Regulations\nRegulation\nPage\n1.\nCitation ......................................................................................................................................5\n1A.\nDefinitions ..................................................................................................................................5\n2.\nApplication for registration .........................................................................................................5\n3.\nProcedure for deregistration.......................................................................................................6\n4.\nVoluntary liquidation of a registered person ...............................................................................7\n5.\nCourt supervised or court appointed liquidation of a registered person ......................................7\n6.\nMerger with another registered person.......................................................................................8\n7.\nTransfer to another jurisdiction ...................................................................................................8\n8.\nRegistered person that never carried on business .....................................................................8\n9.\nFees for services payable to the Authority .................................................................................9\nSCHEDULE\n10\nPART A \u2013 APPLICANT\u2019S GENERAL INFORMATION\n10\nPART B \u2013 SERVICE PROVIDERS\n14\nPART C \u2013 ANTI-MONEY LAUNDERING OFFICER\n15\nENDNOTES\n17\nTable of Legislation history: ............................................................................................................... 17\n\nSecurities Investment Business (Registration and Deregistration)\nRegulations (2026 Revision)\nRegulation 1\n\nc\nRevised as at 31st December, 2025\nPage 5\n\nCAYMAN ISLANDS\n\nSecurities Investment Business Act\n(2020 Revision)\nSECURITIES INVESTMENT BUSINESS (REGISTRATION AND\nDEREGISTRATION) REGULATIONS\n(2026 Revision)\n\n1.\nCitation\n1.\nThese Regulations may be cited as the Securities Investment Business (Registration\nand Deregistration) Regulations (2026 Revision).\n1A.\nDefinitions\n1A. \u201cprincipal Act\u201d means the Securities Investment Business Act (2020 Revision);\n2.\nApplication for registration\n2.\n(1) An applicant for registration as a registered person under the principal Act shall\nsubmit to the Authority \u2014\n(a)\nthe completed application form;\n(b) any other information requested by the Authority for the purposes of\nassessing the application; and\n(c)\nthe registration fee specified in regulation 9.\n(2) The application form for registration as a registered person under the principal\nAct, and the information to accompany the application, are set out in the\nSchedule and in guidance notes issued by the Authority.\n(3) The Authority may require an applicant or its registered office to clarify or\nsupplement information initially provided in the application.\n\nRegulation 3\nSecurities Investment Business (Registration and Deregistration)\nRegulations (2026 Revision)\n\nPage 6\nRevised as at 31st December, 2025\nc\n\n3.\nProcedure for deregistration\n3.\n(1) A registered person that ceases to carry on any regulated activity listed in\nSchedule 2 of the principal Act shall apply to the Authority for deregistration in\naccordance with this regulation.\n(2) The applicant, prior to applying for deregistration, shall ensure that \u2014\n(a)\nthe relevant fees are paid;\n(b) the applicant\u2019s required annual declarations have been submitted; and\n(c)\nthe applicant has no outstanding queries from, or regulatory filings with,\nthe Authority.\n(3) The applicant shall submit to the Authority the following \u2014\n(a)\nwritten notice of the applicant\u2019s intention to deregister in accordance with\nsection 5(4B) of the principal Act;\n(b) the fee for deregistration specified in regulation 9;\n(c)\na certified copy of the resolution of its senior officers which indicates the\ndate on which the registered person has ceased to carry on, as a business,\nthe relevant regulated activities listed in Schedule 2 of the principal Act;\nand\n(d) an affidavit which shall be filed in accordance with paragraph (4).\n(4) The senior officer of the applicant shall file an affidavit for, or on behalf of, the\napplicant, that attests to the following \u2014\n(a)\nthe reason for the cessation of business;\n(b) that, as far as the senior officer is aware, the applicant has operated in\naccordance with its articles or other constitutional documents;\n(c)\nthat all client relationships have been properly terminated or transferred to\nanother service provider;\n(d) that the applicant has not conducted its securities investment business and\nhas not wound up such business in a manner that is prejudicial to its clients\nand creditors; and\n(e)\nthat the applicant intends either \u2014\n(i)\nto continue as a legal entity in the Islands;\n(ii) to apply to be struck-off from the relevant register by the respective\nRegistrar in the Islands; or\n(iii) to merge with another registered person.\n(5) A registered person that ceases to carry on any regulated activity listed in\nSchedule 2 of the principal Act for any of the following reasons referred to in\nsubparagraphs (a) to (d) shall apply for deregistration in accordance with the\nrelevant procedure set out in regulations 4 to 9 \u2014\n\nSecurities Investment Business (Registration and Deregistration)\nRegulations (2026 Revision)\nRegulation 4\n\nc\nRevised as at 31st December, 2025\nPage 7\n\n(a)\nthe registered person is being wound up;\n(b) the registered person is being merged with another registered person;\n(c)\nthe registered person seeks to cancel its registration with the\nAuthority by reason of its transfer to another jurisdiction; or\n(d) the registered person has never carried on business.\n(6) Where an applicant submits the particulars referred to in paragraph (3)(a) to (c),\nthe Authority shall assign \u201cregistration under termination\u201d status, until the\ndocuments applicable to the respective reason for which the applicant ceases to\ncarry out securities investment business are submitted to and received by the\nAuthority.\n(7) Where an applicant is assigned \u201cregistration under termination\u201d status and the\nAuthority \u2014\n(a)\nreceives from the applicant the documents submitted in accordance with\nthe relevant procedure referred to in paragraphs (4) and (5); and\n(b) is satisfied that the applicant has complied with these Regulations,\nthe Authority shall deregister the applicant.\n(8) In this regulation, \u201cproperly terminated or transferred\u201d means, in relation to\nclient relationships, that \u2014\n(a)\na registered person has paid money due to all clients and there are no\nresidual cash or other assets owed or potentially owed to clients; or\n(b) client relationships have been fully transferred to another service provider.\n4.\nVoluntary liquidation of a registered person\n4.\nA registered person that ceases to carry on securities investment business due to the\ncommencement of voluntary liquidation of the registered person shall apply to the\nAuthority for deregistration and shall provide the following to the Authority \u2014\n(a)\nnotice of voluntary winding up of the registered person (Form No. 19 of\nthe Companies Winding Up Rules (2023 Consolidation);\n(b) voluntary liquidator\u2019s consent to act (Form No. 20 of the Companies\nWinding Up Rules (2023 Consolidation); and\n(c)\ndeclaration of solvency (Form No. 21 of the Companies Winding Up Rules\n(2023 Consolidation).\n5.\nCourt supervised or court appointed liquidation of a registered person\n5.\nA registered person that ceases to carry on securities investment business due to the\ncourt supervised or appointed liquidation of the registered person shall apply for\nderegistration and shall provide to the Authority a certified copy of the supervision\nor winding up order issued by the Grand Court.\n\nRegulation 6\nSecurities Investment Business (Registration and Deregistration)\nRegulations (2026 Revision)\n\nPage 8\nRevised as at 31st December, 2025\nc\n\n6.\nMerger with another registered person\n6.\n(1) A registered person that ceases to carry on securities investment business in the\nIslands by reason of its intended merger with another registered person shall\napply for deregistration and shall provide the following to the Authority \u2014\n(a)\nan application to the Authority for prior approval of the merger which shall\nbe accompanied by \u2014\n(i)\nresolutions of the merging and surviving parties; and\n(ii) the plan of merger and appendices; and\n(b) such other documents as the Authority may specify.\n(2) Where the Authority approves the application referred to in paragraph (1)(a),\nthe surviving registered person shall, upon the merger becoming effective,\nprovide to the Authority a certified copy of the certificate of merger within seven\ndays of its issuance.\n7.\nTransfer to another jurisdiction\n7.\n(1) A registered person that ceases to carry on securities investment business in the\nIslands by reason of the transfer of its legal entity to another jurisdiction shall\napply for deregistration in accordance with paragraph (2).\n(2) The applicant referred to in paragraph (1) shall provide to the Authority an\naffidavit from its senior officer that attests to the following \u2014\n(a)\nthe reason for the transfer and name of the jurisdiction to which the\nregistered person is being transferred;\n(b) that the registered person has operated in accordance with the articles or\nother constitutional documents of the registered person; and\n(c)\nthat the transfer is not prejudicial to the registered person\u2019s clients or\ncreditors.\n8.\nRegistered person that never carried on business\n8.\n(1) A registered person that has never carried on business as a registered person\nshall apply for deregistration in accordance with paragraph (2).\n(2) The applicant shall provide to the Authority an affidavit by its senior officer that\nattests to the fact that the registered person has never carried on such business.\n(3) In this regulation, \u201cregistered person that has never carried on business\u201d\nmeans a registered person that has not commenced any client relationships\ncontractually or otherwise for the purpose of carrying on securities investment\nbusiness.\n\nSecurities Investment Business (Registration and Deregistration)\nRegulations (2026 Revision)\nRegulation 9\n\nc\nRevised as at 31st December, 2025\nPage 9\n\n9.\nFees for services payable to the Authority\n9.\n(1) An applicant for registration as a registered person under the Act shall pay a\nregistration fee of six thousand dollars to the Authority.\n\n(2)  A registered person shall pay an annual fee of six thousand dollars to the\nAuthority.\n\nSCHEDULE\nSecurities Investment Business (Registration and Deregistration)\nRegulations (2026 Revision)\n\nPage 10\nRevised as at 31st December, 2025\nc\n\nSCHEDULE\n(Regulation 2(2))\n\nFORM\n\nAPPLICATION FOR REGISTRATION AS A REGISTERED PERSON\nPURSUANT TO SECTION 5(4) OF THE SECURITIES INVESTMENT\nBUSINESS ACT (2020 REVISION)\n\nINFORMATION TO BE PROVIDED IN, AND ACCOMPANY, AN APPLICATION\nFOR REGISTRATION AS A REGISTERED PERSON\n\nAPPLICATION NUMBER:\nPART A \u2013 APPLICANT\u2019S GENERAL INFORMATION\n1.\nName\n2.\nIf the applicant been incorporated or established under a previous or different name,\n\nprovide \u2014\n(a) the previous name or names; and\n(b) provide any trading names (current and previous) under which business has been\nconducted.\n\n3.\nDate and places of formation\n\n4.\nLegal entity identifier, if available\n5.\nLegal structure\n6.\nCompany, partnership or limited liability company registration number of the applicant\n7.\nProvide certificate of incorporation or registration or official record of formation.\n\nSecurities Investment Business (Registration and Deregistration)\nRegulations (2026 Revision)\n\nSCHEDULE\n\nc\nRevised as at 31st December, 2025\nPage 11\n\n8.\nIdentify the basis for the applicant to register under section 5(4) of the principal Act \u2014\n(a)\nparagraph 1 of Schedule 4 of the principal Act;\n(b)\nparagraph 2 of Schedule 4 of the principal Act; or\n(c)\nparagraph 3 of Schedule 4 of the principal Act.\n9.\nIs the applicant conducting securities investment business overseas? If so \u2014\n(a)\nspecify the date on which the applicant began conducting securities\n investment business; and\n(b)  specify the country or countries in which the applicant is conducting\n securities investment business.\n10. If the applicant is registering pursuant to paragraph 3 of Schedule 4 of the principal Act,\nprovide \u2014\n(a)  the names of the countries or territories in which the applicant is conducting\n regulated securities investment business;\n(b)  the name of the overseas regulatory authority or authorities that regulates the\n\n applicant\u2019s overseas\u2019 securities investment business; and\n(c)  the name  and title of a contact person at each overseas regulatory authority\n referred to in subparagraph (b).\n11. If the applicant is registering pursuant to paragraph 1 of Schedule 4 of the principal Act,\nprovide the following information in respect of each company within the group of\ncompanies receiving services from the applicant \u2014\n(a)  name of company;\n(b)  principal activity;\n(c)  country of incorporation or establishment; and\n(d)  group organisation chart.\n12. Confirm if the applicant provides or offers the following services \u2014\n(a) securities advisor;\n(b) securities manager;\n(c) securities arranger;\n(d) broker dealer; or\n\nSCHEDULE\nSecurities Investment Business (Registration and Deregistration)\nRegulations (2026 Revision)\n\nPage 12\nRevised as at 31st December, 2025\nc\n\n(e) market maker.\n13.\nProvide client list (current or proposed, if known), indicate if each client is private,\nprofessional or a market counterparty in accordance with the classifications set out\nin regulation 12 of the Securities Investment Business (Conduct of Business)\nRegulations, 2003 and specify with respect to each client which of the services in\nparagraph 12 are provided to each client.\n14.\nDirectors or Principals of the General Partner or Managing Members\n(a) Title\n(b) First name\n(c) Last name\n(d) Director ID\n(e) Date of birth\n(f) Country of birth\n15.\nSenior Officers (excluding Money Laundering Reporting Officer, Deputy Money\nLaundering Reporting Officer and Anti-Money Laundering Compliance Officer)\n(a) Title\n(b) First name\n(c) Last name\n(d) Director ID\n(e) Date of birth\n(f) Country of birth\n16.\nShareholders \u2013 List all shareholders and beneficial interest holders who are\nnatural persons\n(a) Title\n(b) First name\n(c) Last name\n(d) Director ID\n(e) Date of birth\n(f) Country of birth\n(g) Percentage holding\n\nSecurities Investment Business (Registration and Deregistration)\nRegulations (2026 Revision)\n\nSCHEDULE\n\nc\nRevised as at 31st December, 2025\nPage 13\n\n17. Corporate Shareholders \u2013 List all corporate shareholders to the applicant, as well\nas the beneficial owners (including corporate beneficial owners) and the ultimate\nbeneficial owner of each corporate entity\n(a)\nEntity name\n(b)\nPercentage holding\n(c)\nType of structure\n(d)\nCountry of incorporation\n(e)\nDate of incorporation\n(f)\nUltimate beneficial owner\u2019s full name\n(g)\nCIMA ID (if applicable and known)\n18.\nWhere a corporate shareholder identified under paragraph 17 is traded as a public\ncompany on a recognised exchange, provide \u2014\n(a) the name of the recognised exchange; and\n(b) the evidence of listing on the recognised exchange.\n19.\nWhere a corporate shareholder identified under paragraph 17 is not traded as a\n\npublic company on a recognised exchange, confirm \u2014\n(a) the ultimate beneficial owner\u2019s full name;\n(b) the CIMA ID (if applicable and known); and\n(c) the personal questionnaire of the ultimate beneficial owner.\n20.\nWhere the corporate shareholder identified under paragraph 17 is ultimately\nowned by an entity traded as a public company on a recognised exchange, the\napplicant shall instead confirm \u2014\n(a) the name of the ultimate publicly traded owner;\n(b) the name of the recognised exchange applicable to such publicly traded\n\nultimate beneficial owner; and\n(c) the evidence of listing of publicly traded ultimate beneficial owner.\n21.\nAttach organisation chart where there are corporate shareholders.\n\nSCHEDULE\nSecurities Investment Business (Registration and Deregistration)\nRegulations (2026 Revision)\n\nPage 14\nRevised as at 31st December, 2025\nc\n\nPART B \u2013 SERVICE PROVIDERS\n\n1.\nDetails of each service provider to the applicant (including the applicant\u2019s registered\noffice)\n(a)\nName of service provider\n(b) Mailing and street address\n(c)\nPhone number\n(d) Email address\n\n2.\nPrincipal contact of each service provider\n(a)\nFull name of principal contact\n(b) Position of principal contact\n(c)\nMailing and street address\n(d) Phone number\n(e)\nE-mail address\n\nSecurities Investment Business (Registration and Deregistration)\nRegulations (2026 Revision)\n\nSCHEDULE\n\nc\nRevised as at 31st December, 2025\nPage 15\n\nPART C \u2013 ANTI-MONEY LAUNDERING OFFICER\n\nDETAILS OF EACH ANTI-MONEY LAUNDERING COMPLIANCE OFFICER,\nDEPUTY ANTI-MONEY LAUNDERING COMPLIANCE OFFICER (IF\nAPPLICABLE), MONEY LAUNDERING REPORTING OFFICER AND DEPUTY\nMONEY LAUNDERING REPORTING OFFICER\n\n1.\nCIMA ID (if applicable and known)\n2.\nFull name\n3.\nOther names (aliases)\n4.\nMailing and street address\n5.\nDate of birth\n6.\nCountry of birth\n7.\nGender\n8.\nOccupation and job title\n9.\nName of employer\n10.\nStreet and mailing address of employer\n11.\nPhone number of employer\n12.\nEmail  address of employer\n13.\nProfessional qualification\n(a)\nDescription\n(b)\nDate\n(c)\nAccrediting Body\n(d)\nType\n14.\nAttach CV or resume.\n\nSCHEDULE\nSecurities Investment Business (Registration and Deregistration)\nRegulations (2026 Revision)\n\nPage 16\nRevised as at 31st December, 2025\nc\n\nPublication in consolidated and revised form authorised by the Cabinet this 28th\nday of January, 2026.\nKim Bullings\nClerk of Cabinet\n\nSecurities Investment Business (Registration and Deregistration)\nRegulations (2026 Revision)\n\nENDNOTES\n\nc\nRevised as at 31st December, 2025\nPage 17\n\nENDNOTES\nTable of Legislation history:\nSL #\nAct\/Law #\nLegislation\nCommencement\nGazette\n77\/2024\n\nSecurities Investment Business (Registration and\nDeregistration) (Amendment) Regulations, 2024\n1-Jan-2025\nLG47\/2024\/s43\n\n56\/2020\nCitation of Acts of Parliament Act, 2020\n3-Dec-2020\nLG89\/2020\/s1\n41\/2019\n\nSecurities Investment Business (Registration and\nDeregistration) Regulations, 2019\n24-Oct-2019\nLG40\/2019\/s2\n\nENDNOTES\nSecurities Investment Business (Registration and Deregistration)\nRegulations (2026 Revision)\n\nPage 18\nRevised as at 31st December, 2025\nc\n\nSecurities Investment Business (Registration and Deregistration)\nRegulations (2026 Revision)\n\nENDNOTES\n\nc\nRevised as at 31st December, 2025\nPage 19\n\nENDNOTES\nSecurities Investment Business (Registration and Deregistration)\nRegulations (2026 Revision)\n\nPage 20\nRevised as at 31st December, 2025\nc\n\n(Price: $4.00)","akn_extracted_at":"2026-06-22 15:40:09.402497+00","cms_id":"2019-0041","law_type":"subordinate","year":"2019","number":"41","title":"Securities Investment Business (Registration and Deregistration) Regulations","status":"in_force"},"provenance":{"files":[{"file_id":"5212","expr_id":"309","kind":"akn_xml","filename":"2019-0041_2026 Revision.akn.xml","source_url":null,"storage_path":"\/Users\/q\/kyleg-data\/working\/SUBORDINATE\/2019\/2019-0041\/2019-0041_2026 Revision.akn.xml","content_md5":"3968c5dafd30830fa18e9bd63f1b1183","byte_size":"22521","http_last_modified":null,"fetched_at":"2026-06-22 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