Regulation
Beneficial Ownership Transparency Act, 2023 (Commencement) Order, 2024 (SL 16 of 2024)
In forceView on CIMA's website Source document
Summary
This is a short commencement order made by the Cayman Islands Cabinet that brings the Beneficial Ownership Transparency Act, 2023 (Act 13 of 2023) into full legal force. It does not itself create new substantive rules; instead it fixes the date on which the underlying Act's beneficial ownership regime takes effect. The Order states that the Beneficial Ownership Transparency Act, 2023 came into force on 31 July 2024.
Anyone needing to understand the actual beneficial ownership obligations, such as who must maintain a beneficial ownership register, filing requirements, timeframes, and penalties, needs to consult the Act itself, since this commencement order only addresses timing. The document was made in Cabinet on 30 July 2024 and published in Legislation Gazette No. 26 on 31 July 2024.
Deadlines
- 31st July, 2024: Date on which the Beneficial Ownership Transparency Act, 2023 comes into force.
Related documents
- This document commences Beneficial Ownership Transparency Act, 2023 (Act 13 of 2023)
- This document is made under Beneficial Ownership Transparency Act, 2023 (Act 13 of 2023)