CIU-1.2 CIU-1.2 The Instrument Constituting the CIU
CIU-1.2.1
Every
Bahrain domiciled retail CIU must have an instrument constituting theCIU , containing the information listed in Appendix A.CIU-1.2.2
The
operator of aBahrain domiciled retail CIU together with the directors of theCIU concerned (or trustees in the case of a trust arrangement) must ensure that the instrument constituting theCIU :(a) Does not contain information that is untrue, misleading, or unfairly prejudicial to the interests of theCIU participants ;(b) Does not contain any provisions that conflict with either CBB requirements or other laws and regulations, that may apply to the CIUoperator ,manager and otherrelevant persons to the CIU; and(c) Is not unfairly prejudicial to the interests of theCIU participants , either generally or to a particular class ofCIU participant .CIU-1.2.3
The
operator of aBahrain domiciled retail CIU together with the directors of theCIU concerned (or trustees in the case of a trust arrangement) must maintain the instrument constituting theCIU and make any necessary revisions in accordance with applicable legislation as and when required.CIU-1.2.4
Once authorised, prior approval must be obtained from the CBB for any subsequent material changes to the instrument. An updated copy of the instrument must be made available to the CBB within 30 calendar days of the revision being agreed.
CIU-1.2.5
The
operator of aBahrain domiciled retail CIU must make available for inspection, free of charge by any member of the public in an office in Bahrain, the following documents:(a) The instrument constituting theCIU ;(b) Theprospectus (both simplified and full);(c) All annual and half yearly reports issued to date by theCIU ; and(d) Copies of all CBB approvals, where required.
