AI-assisted research summary: These Regulations temporarily reduce the application fee to nil, run from 1 May 2020 to 31 July 2020, and then the fee reverts to the amount that applied the day before commencement.
CAYMAN ISLANDS Trade and Business Licensing Law (2019 Revision) TRADE AND BUSINESS LICENSING (TEMPORARY REDUCTION IN FEE) REGULATIONS, 2020 (SL 35 of 2020) Supplement No. 1 published with Legislation Gazette No. 26 dated 15th April, 2020. PUBLISHING DETAILS Page 2 SL 35 of 2020 c Trade and Business Licensing (Temporary Reduction in Fee) Regulations, 2020 Regulation 1 CAYMAN ISLANDS Trade and Business Licensing Law (2019 Revision) TRADE AND BUSINESS LICENSING (TEMPORARY REDUCTION IN FEE) REGULATIONS, 2020 (SL 35 of 2020) In exercise of the powers conferred by 40 of the Trade and Business Licensing Law (2019 Revision) the Cabinet makes the following Regulations — 1. Citation, commencement and expiry 1. (1) These Regulations may be cited as the Trade and Business Licensing (Temporary Reduction in Fee) Regulations, 2020. (2) These Regulations commence on May 1, 2020 and expire on July 31, 2020. 2. Amendment of Schedule 1 of the Trade and Business Licensing Law (2019 Revision) - fees 2. The Trade and Business Licensing Law (2019 Revision) is amended in Part A of Schedule 1 by deleting paragraph 1 and substituting the following paragraph — “Description Section Fee 1. Application fee (non-refundable) 18(2)(b)(ix) Nil.”. c SL 35 of 2020 Page 3 Trade and Business Licensing (Temporary Reduction in Fee) Regulation 3 Regulations, 2020 3. Fee on expiry 3. For the avoidance of doubt, the application fee on the expiration of these Regulations shall be the application fee on the day immediately preceding the commencement of these Regulations. 1.Made in Cabinet the 15th day of April, 2020. Kim Bullings Clerk of the Cabinet Page 4 SL 35 of 2020 c