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  • Governing Body Requirements

    • CIU-1.4.1

      The governing body of a Bahrain domiciled retail CIU (i.e. its directors or trustees, as appropriate) must comprise of persons with appropriate experience.

    • CIU-1.4.2

      Bahrain domiciled retail CIUs are in addition required to comply with any legal requirements imposed by virtue of the legal form used to create the CIU.

    • CIU-1.4.3

      The governing body of a Bahrain domiciled retail CIU (i.e. its directors or trustees, as appropriate) must meet at least once every financial year (or more frequently if required by law), to review the performance and operations of the CIU.

    • CIU-1.4.4

      If the CIU participants have a right to call for a general meeting of CIU participants, the instrument constituting the CIU must describe how the meeting may be convened.

    • CIU-1.4.5

      If a general meeting of CIU participants is called, the Bahrain domiciled retail CIU must ensure that:

      (a) Each CIU participant is given at least 14 calendar days written notice of the meeting;
      (b) The notice specifies the place, day and time of the meeting; and
      (c) The terms and resolutions to be proposed, as well as a copy of the notice, are sent to the CIU's administrator/custodian and to the CBB.