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ARTICLE · 03 DECEMBER 2019

Cayman Islands Funds Update

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This article provides details on the recent changes to the Cayman Islands Securities Investment Business Law and Data Protection Law.

Cayman IslandsFinance and Banking
Judy Lee
Judy Lee
Paul Cheuk
Paul Cheuk
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This article provides details on the recent changes to the Cayman Islands Securities Investment Business Law and Data Protection Law.

Re-registration of Cayman Investment Managers and Advisers under Securities Investment Business Law

With the end of 2019 closely approaching, Cayman managers and advisers are reminded of the new requirements brought in by the Securities Investment Business (Amendment) Law, 2019 (Amendment Law). Please see our eAlert "Recent Amendments to the Securities Investment Business Law" for more information as to what action need to be taken.

The Amendment Law replaces the concept of an “Excluded Person” with that of a "Registered Person". Currently, a registered “Excluded Person” cannot continue to carry on any securities investment business after 15 January 2020, unless by that date they have been re-registered by the Cayman Islands Monetary Authority as a “Registered Person” or have been granted a licence under section 6 of

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