Cayman Regulations Clarify BO Documentation Requirements

Three (3) regulations have been published on 10 June 2022 that confirm the requirement to file valid and unexpired government-issued documents for beneficial ownership information purposes.

‍

The regulations are:

• the Companies (Amendment of section 254) Regulations, 2022;
• the Limited Liability Companies (Amendment of section 80) Regulations, 2022; and
• the Limited Liability Partnership (Amendment of section 61) Regulations, 2022.

‍

The Guidance Notes on Complying with Beneficial Ownership Obligations in the Cayman Islands has now been issued.

Copies of the aforementioned regulations, the Guidance Notes, and the updated Notice to Company and Notice to Shareholder is enclosed for your reference.

Changes in Information Required to be Contained in the Beneficial Ownership Register

‍

If there are changes to the information contained in the Company’s beneficial ownership register, including the expiry of government issued documents, please:

1. update the Register of Beneficial Owners;
2. complete Forms A/B/C where applicable; and
3. send the completed forms with the duly certified due diligence documents of the Beneficial Owner or Registrable Person to your Relationship Manager for further handling,

‍

within one (1) month of such change.

Do note that a fee of USD150 is applicable to update the change of Beneficial Owners or Registrable Person with the Cayman Competent Authority.

‍

Changes to Exemption

If you have provided a written confirmation of exemption to us and become aware that any information in the confirmation has ceased to be true, please provide us with the revised Form D within one (1) month of such change.

‍

Action to be taken

Please keep the Register of Beneficial Owners of the Companies up-to date and complete the following whenever there are any changes:

a. Notice to Company (Form A- Individual/ Form B- Relevant Legal Entity/ Form C- Person to which s244(2) Applies)

b. Notice to Shareholder (Form A- Individual/ Form B-Relevant Legal Entity/ Form C- Person to which s244(2) Applies)

c. Form D – Written Confirmation of Exemption

‍

You may wish to refer to the Beneficial Ownership – Explanatory Notes when completing the forms.

‍

Non-Compliance

Compliance with the UBO Law is NOT optional and non-compliance is a criminal offence and may give rise to fines, restrictions on transfers of shares in the Company and striking off of the Company.

If your Company has yet to provide the above details, you are strongly advised to contact your relationship manager to attend to this.

Thank you for your attention to this matter.

‍

‍

PORTCULLIS GROUP
www.portcullis.co

‍

‍

開曼法規闡明了最終受益人證明文件規定

‍

2022年6月10日公告了三項法規，確認下列規定：必須提交關於最終受益人資料的有效且未逾期的政府核發文件。

‍

上述法規如下：

• 2022年公司法(第254條修正)。
• 2022年有限責任公司法(第80條修正)。
• 2022年有限責任合夥公司法(第61條修正)。

‍

目前亦已頒布在開曼群島遵守最終受益人義務的指導細則。

上述各項法規、指導細則、更新後的公司通知書及股東通知書，在此一併附上供 貴公司參考。

‍

最終受益人名冊必須登載的資料變更

貴公司最終受益人名冊所登載的資料若有變更，包括政府核發的文件逾期等情事，則請在變更發生後一個月內，完成下列事項：

1. 更新最終受益人名冊；
2. 完整填寫適用的A/B/C表格；以及
3. 將填寫完整的表格，附上最終受益人或可註冊之人經正式認證的盡職審查文件，送交 貴公司的關係經理進行後續處理。

‍

請注意，向開曼主管機關更新最終受益人或可註冊之人的變更資料，必須繳交美元150元的規費。

‍

豁免的變更

若 貴公司曾向本公司提交豁免確認書，並知悉確認書中的任何資訊已不再真實，請在該變更發生後一個月內向本公司提交修改版的D表。

‍

應採取的作為

請隨時留存更新後的 貴公司最終受益人名冊，有任何資訊變更時，請填寫下列表格：

a. 公司通知書 (表格A個人, 表格B相關法律實體, 表格C適用第244(2)條規定的人)
b. 股東通知書 (表格A個人, 表格B相關法律實體, 表格C適用第244(2)條規定的人)
c. 表格D豁免確認書

‍

填寫上述表格時， 貴公司可參考「最終受益人 – 填表解說」中的說明[連結]。

‍

未遵守法規

遵守最終受益人法規乃非可選擇，未遵守即屬刑事犯罪，可能導致罰款、限制公司股份轉讓及公司遭除名。

倘貴公司尚須提供上述資料，請務必洽詢 貴公司的關係經理處理此事。

感謝貴公司對此事的關注。

‍

‍

保得利集團
www.portcullis.co