Companies Management (Amendment) (No. 2) Act, 2023 (Commencement) Order, 2024 (SL 23 of 2024)

Summary

This is a short commencement order made by the Cayman Islands Cabinet that brings the Companies Management (Amendment) (No. 2) Act, 2023 into force. It does not itself contain substantive regulatory changes; it simply fixes the date on which the previously passed amendment Act takes legal effect.

The Order states that the Companies Management (Amendment) (No. 2) Act, 2023 comes into force on 31st July, 2024. Readers seeking the actual substantive changes (e.g., new licensing, reporting, or conduct requirements for company managers) will need to consult the text of the underlying Amendment Act itself, which is not reproduced here.

Because this document is purely a commencement mechanism, it applies generally to whichever persons and entities are captured by the Companies Management Act framework (i.e., company managers and related licensees), but it does not itself impose new operational obligations beyond activating the amendment's provisions.

Applies to

company managers

Deadlines

• 31st July, 2024: Date on which the Companies Management (Amendment) (No. 2) Act, 2023 comes into force