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5 of 2020\nPage 3\n\nCAYMAN ISLANDS\n\nPrivate Funds Law, 2020\n(Law 1 of 2020)\nPRIVATE FUNDS (SAVINGS AND\nTRANSITIONAL PROVISIONS) REGULATIONS,\n2020\n(SL 5 of 2020)\nIn exercise of the powers conferred by section 33 of the Private Funds Law, 2020 the\nCabinet makes the following Regulations \u2014\n1.\nCitation and commencement\n1.\n(1) These Regulations may be cited as the Private Funds (Savings and Transitional\nProvisions) Regulations, 2020.\n(2) These Regulations come into force immediately after the Private Funds Law,\n2020 comes into force.\n2.\nSavings and transitional\n2.\n(1) Notwithstanding any provision to the contrary in the Private Funds Law, 2020,\na private fund that begins to carry on business in or from the Islands at any\ntime during the period of six months beginning on date of commencement of\nthat Law may continue to carry on business in or from the Islands without\ncomplying with that Law until 7th August, 2020 or such further period as may\nbe specified by 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