s.2Interpretation
2
Section 2Part 0 —

Interpretation

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In this Act —
in respect of a service provided by a person carrying on the business of company management, means an address for the receipt of correspondence or electronic communications (including telephone calls and facsimile communications), or both, provided by that person in the course of that business to a third party;
means the Cayman Islands Monetary Authority established under section 5(1) of the Monetary Authority Act (2020 Revision), and includes a person acting under the Authority’s authorisation;
means a body corporate constituted under the Laws of the Islands or any other jurisdiction;
means —
“an authorised custodian” who is a person licensed under this Act to act as a custodian of a bank or trust company licensed under the Banks and Trust Companies Act (2025 Revision); or
“a recognised custodian” which is an investment exchange or clearing organisation operating a securities clearance or settlement system and carrying on business in an equivalent legislation jurisdiction that is designated as having measures for combating money laundering and the financing of terrorism which are equivalent to those of the Islands in accordance with section 5(2)(a) of the Proceeds of Crime Act (2025 Revision);
includes a device by means of which information is recorded or stored;
has the meaning assigned by section 2 of the Exempted Limited Partnership Act (2021 Revision);
means a licence granted under this Act;
means a limited liability partnership registered under section 18(4) or 33(4) of the Limited Liability Partnership Act (2025 Revision);
means a company to which the services included in the definition of “business of company management” are provided by a licensee;
means the excess of assets over liabilities as presented in accordance with applicable and generally accepted accounting principles;
has the meaning assigned by section 3 of the Partnership Act (2024 Revision);
means prescribed by any regulation made under this Act; and
means a managing director, president, chief executive officer or other officer with authority to bind the licensee of which that person is an officer.

Defined Terms

addressAuthoritycompanycustodiandocumentexempted limited partnershiplicencelimited liability partnershipmanaged companynet worthpartnershipprescribedsenior officer

Cross References