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  • CIU-B.4 CIU-B.4 Bahrain and Overseas Domiciled CIUs

    • CIU-B.4.1

      Bahrain domiciled CIUs are undertakings where the legal form of the CIU is established under the laws of the Kingdom of Bahrain.

    • CIU-B.4.2

      Bahrain domiciled CIUs may be constituted either as:

      (a) Common funds, established under the law of contract;
      (b) Trusts, established under trust law; or
      (c) Investment companies, established under company law.

    • CIU-B.4.3

      Bahrain domiciled retail CIUs and Bahrain domiciled expert CIUs must be authorised by the CBB prior to being established. Bahrain domiciled exempt CIUs are required only to register with the CBB (see Section CIU-3.2). Definitions of retail CIUs, expert CIUs and exempt CIUs are provided in Section CIU-B.5.

    • CIU-B.4.4

      Overseas domiciled CIUs are undertakings that fall outside the definition provided in Rule CIU-B.4.1.

    • CIU-B.4.5

      Overseas domiciled CIUs are only impacted by the requirements contained in this Module, if they are offered to investors resident in the Kingdom of Bahrain (see Section CIU-B.1).

    • CIU-B.4.6

      Overseas domiciled CIUs must be authorised by the CBB prior to being offered to investors resident in the Kingdom of Bahrain, unless they are domiciled in a recognised jurisdiction, in which case they are only require to register with the CBB (see Section CIU-B.6). Overseas domiciled exempt CIUs, regardless of the jurisdiction in which they are domiciled, are required only to register with the CBB (see Section CIU-B.6).