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  • Governance Framework

    • CIU-1.4.6

      Bahrain domiciled retail CIUs must maintain an adequate framework for the governance and operation of the CIU. This framework must seek to ensure that the CIU is governed effectively and in the interests of the CIU's participants.

    • CIU-1.4.7

      The main aim of the framework should be to ensure that when faced with a conflict, the CIU respects all applicable rules and its contractual obligations from an objective perspective, withouth favouring CIU insiders (including relevant persons) at the expense of the interests of the CIU's participants.

    • CIU-1.4.8

      The CIU's directors (or trustees in the case of a trust) may not delegate their oversight responsibilities, although execution of operational functions may be outsourced to other entities.