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  • Fees

    • CIU-1.8.1

      All costs and charges payable from the assets of a Bahrain domiciled retail CIU must be clearly stated in its prospectus. This must detail the estimated or actual amount of costs and charges payable; their nature and the basis for their calculation; together with maximum amounts payable expressed as percentages of the CIU's assets, on a per annum basis. The level of fees for investment management or advisory functions including administration, custody, transfer agency and registrar fees must also be disclosed.

    • CIU-1.8.2

      Where a performance fee is charged by way of deduction from the assets of a Bahrain domiciled retail CIU, the following must be stated:

      (a) The frequency with which the performance fee is charged to the CIU; and
      (b) The basis upon which the performance fee is calculated.

    • CIU-1.8.3

      If a performance fee is levied, the fee may only be payable:

      (a) No more frequently than annually; and
      (b) If the net asset value per holding exceeds the net asset value per holding on which the performance fee was last calculated and paid.

    • CIU-1.8.4

      Costs and charges which have not been disclosed in a Bahrain domiciled retail CIU's prospectus may not be paid from the CIU's assets.