Securities Investment Business (Amendment) Law, 2020 (Commencement) Order, 2020 (SL 136 of 2020)

Summary

This is a short commencement order made under the Securities Investment Business (Amendment) Law, 2020. It does not itself change any securities regulation; instead, it fixes the date on which specific sections of that amendment law take legal effect.

• Authority: The Cabinet, acting under powers given by section 1(2) of the amendment law, made the order.
• Sections commenced: Sections 1, 2(a), 2(b)(i), 2(b)(iv), 2(c), 7 and 8 of the Securities Investment Business (Amendment) Law, 2020.
• Effective date: 31 October 2020.

Because the order only addresses commencement, it does not itself describe the substantive content of those sections (e.g., what new requirements or amendments they introduce to the securities investment business regime). Readers needing to understand the practical impact will need to consult the underlying Securities Investment Business (Amendment) Law, 2020 text for those specific sections. The order is relevant to anyone conducting or regulating securities investment business in the Cayman Islands, since it confirms that part of the amending law is now legally operative.

No new filing, reporting, or compliance obligations are created by this order itself beyond giving legal effect to the named provisions from the specified date.

Applies to

securities investment business licensees, persons conducting securities investment business

Deadlines

• 31st October, 2020: Sections 1, 2(a), 2(b)(i), 2(b)(iv), 2(c), 7 and 8 of the Securities Investment Business (Amendment) Law, 2020 come into force on this date.

Related documents

• This document commences Securities Investment Business (Amendment) Law, 2020 (Law 16 of 2020)