Legal Services Act, 2020 (Act 57 of 2020)

CAYMAN ISLANDS Legal Services Act, 2020 (Act 57 of 2020) LEGAL SERVICES (RECOGNISED LAW ENTITIES) REGULATIONS, 2025 (SL 46 of 2025) Supplement No. 4 published with Legislation Gazette No. 44 dated 26th November, 2025. PUBLISHING DETAILS Page 2 SL 46 of 2025 c Legal Services (Recognised Law Entities) Regulations, 2025 Regulation 1 CAYMAN ISLANDS Legal Services Act, 2020 (Act 57 of 2020) LEGAL SERVICES (RECOGNISED LAW ENTITIES) REGULATIONS, 2025 (SL 46 of 2025) In exercise of the powers conferred by section 99 of the Legal Services Act, 2020, the Cabinet makes the following Regulations — 1. Citation and commencement 1. (1) These Regulations may be cited as the Legal Services (Recognised Law Entities) Regulations, 2025. (2) These Regulations shall come into force on 1st January, 2026. 2. Matters for consideration by the Council in granting recognition 2. (1) In accordance with section 54(2) of the Act, the Council, in determining whether to recognise a company, partnership or limited liability partnership as a recognised law entity, shall have regard, among other things, to the following matters — (a) the nature and previous conduct of the company, partnership or limited liability partnership or any manager, shareholder or other persons having an interest in that company, partnership or limited liability partnership; (b) the advantage or disadvantage which may result from that company, partnership or limited liability partnership carrying on business in the Islands; c SL 46 of 2025 Page 3 Regulation 2 Legal Services (Recognised Law Entities) Regulations, 2025 (c) the desirability of training, advancing and promoting Caymanians within the legal profession; (d) the efforts made by the company, partnership or limited liability partnership to obtain participation by Caymanians; (e) the number of additional people from outside the Islands who would be required to reside in the Islands if the application is granted; (f) whether the managers and employees of the company, partnership or limited liability partnership have and are likely to continue to have the necessary professional, technical and other knowledge to carry on the business and provide the legal services proposed by the company, partnership or limited liability partnership; (g) whether the company, partnership or limited liability partnership will be able to meet its obligations as they fall due; (h) whether the company, partnership or limited liability partnership will be able to comply with the Act or Regulations made under the Act; (i) whether the direction and management of the company, partnership or limited liability partnership is being conducted or will be conducted in a fit and proper manner; (j) whether a person holding a position as a director, manager or officer of a company, partnership or limited liability partnership is a fit and proper person to hold the respective position; and (k) whether a person holding or acquiring control or ownership of company, partnership or limited liability partnership is a fit and proper person to have such control or ownership. (2) In determining whether a person is a fit and proper person for the purposes of paragraph (1), regard shall be had to all circumstances including the person’s — (a) honesty, integrity and reputation; (b) competence and capability; and (c) financial soundness. Made in Cabinet the 13th day of November, 2025. Kim Bullings Clerk of the Cabinet Page 4 SL 46 of 2025 c