• Quarterly Information Return for Collective Investment Schemes

    • Agency Circular BC/I3/2001 Quarterly Information Returns for Collective Investment Schemes

      BC/I3/2001

      9th December, 2001

      The General Manager
      All FCBs, IBs, OBUs and Representative Offices
      Manama
      Bahrain

      Dear Sir,

      Re: Quarterly Information Returns for Collective Investment Schemes

      Further to our Circular No. BC/15/97 of 5th October 1997, regarding the Quarterly Information Returns that you are requested to be submitted to the Agency at the end of each quarter. The Agency would like to inform you that the following changes are incorporated in the above return:

      •   "Geographical Location of the Investment" column is divided into two items: (i) the funds that are invested by each scheme (mutual fund) Inside Bahrain, and (ii) the funds that are invested by a scheme Outside Bahrain.
      •   "Major Markets of the Fund" column indicates the markets in which the scheme invests its funds (i.e. US, EC countries, GCC, Global....etc).

      For the sake of clarity, please refer to the attached example on how to fill the return.

      The attached return replaces the previous return attached to the Agency's Circular No. BC/15/1997 dated 5th October 1997 with effect from the fourth quarter of 2001. The first return using the attached form will, therefore, be for the quarter ending 31st December 2001 and should be sent to the Agency on a date not later that 21st January 2002.

      Should you have any queries in respect of any matter referred to in this Circular, please do not hesitate to contact Mr. Abdul Rahman Al-Baker, Head of Investment Business on Tel 547449 or Fax No. 537554.

      Yours faithfully,

      Dr. Khalid Abdulla Ateeq
      Executive Director Banking Control


      Download this form in PDF format.

      Collective Investment Scheme
      Return for the Quarter Ending.../.../200X

      Name of the Institution:............................

      Type of License:......................................

      Amount in US$'000

      Name of the Fund Type of the Fund Duration of the Fund Overall Subscription in the Fund (US$) Net Assets Value Per Share (US$) Size of Funds Marketed in / from Bahrain (US$) Type of Investment Geographical Location of the Investment (US$) Major Markets of the Fund Approval Authority
      Institutions Individuals Inside Bahrain Outside Bahrain
      Guranteed / Ungaranteed Open-ended / Close-end Residence Residence Abroad Residence in Bahrain Residence Abroad
                                   
                                   
                                   
                                   
                                   
                                   
                                   
                                   
                                   
                                   
                                   
                                   
                                   
                                   


      Authorised Signature:............................

      Name:....................................................

      Position:................................................

      Example:

      Collective Investment Schemes
      Return for the Quarter Ending 31/12/2001

      Name of the Institution:............................

      Type of Licence:......................................

      Amount in US$'000

      Name of Fund Type of Fund Duration of the fund from / to (A) Overall Subscription in the Fund (US$) Net Assets Value Per Share (US$) (B) Size of Funds Marketed in / from Bahrain (US$) Type of Investment (C) Geographical Location of the Investment (US$) Major Markets of the Fund Approval Authority
      Institutions Individuals Inside Bahrain Outside Bahrain
      Guranteed / Unguranteed Open-ended/Close-ended Residence in Bahrain Residence Abroad Residence in Bahrain Residence Abroad
                                   
      XYZ US Growth Fund - Open-ended - 3,000 2,000 7,000 8,000 10.00 20,000 Equity - 20,000 US Cayman
                                   
      Bahrain Growth Fund Guranteed Close-ended 2001-2005 - 4,000 2,000 4,000 100 10,000 Equity 10,000 - Bahrain BMA
                                   
                                   


      Authorised Signature:...........................

      Name:...................................................

      Position:................................................

      NOTES:

      1. The total of all items under (A) should equal the total amounts indicated in (B).
      •   Residence in Bahrain : To be a resident of Bahrain, an individual or institution, irrespective of his/her/its nationality, should stay in Bahrain or plans to stay in Bahrain for a period of one year or longer.
      •   Residence Abroad : Any individual or institution that is based or located outside Bahrain.
      2. "Geographical Location of the Investment" column is divided into two items: (i) the funds that arc invested by each scheme (mutual fund) Inside Bahrain, and (ii) the funds that are invested by a scheme Outside Bahrain. The total amounts in these two items should be equal to the amounts mentioned in the "Size of Funds Marketed in/from Bahrain". In other words, the total of the two items under (C) should equal the total amounts in (B) column.
      3. "Major Markets of the Fund" column indicates the markets in which the scheme invests its funds (i.e US, EC countries, GCC, Global.... etc).