CIU-1.6.13
Bahrain domiciled retail CIUs may not:
(a) Assume, guarantee, endorse or otherwise become directly or contingently liable for the obligations or indebtedness of any person, except in accordance with its prospectus or instrument constituting the CIU;
(b) Acquire any asset which involves the assumption of any liability which is unlimited;
(c) Invest in any security (of any class) in a company or other undertaking, if any director or officer of the CIU (or of any relevant person and its affiliates) individually owns more than ½ % of the total nominal amount of all the issued securities of that class, or collectively the directors or officers of the CIU (or of any relevant person and its affiliates) own more than 5% of those securities. This prohibition shall also apply where the ownership of the directors or officers specified above is in the parent, subsidiary or other associated undertaking of the company in which the CIU is to make the investment; and
(d) Invest in other CIUs of the same operator.
