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  • Record Keeping

    • CIU-1.9.5

      Bahrain domiciled retail CIUs must make and retain for 5 years such records that enable:

      (a) The CIU and its relevant persons, as appropriate, to comply with the rules in this Module; and
      (b) The CIU to demonstrate at any time that such compliance has been achieved.

    • CIU-1.9.6

      The obligation under Rule CIU-1.9.5 is additional to any record-keeping requirements that may apply as a result of applicable laws (such as the commercial companies law), and any regulatory requirements that may apply to relevant persons that are licensed institutions (such as the CBB's record-keeping requirements applicable to CBB licensees).

    • CIU-1.9.7

      Bahrain domiciled retail CIUs must arrange for a register of holdings in the CIU to be maintained, containing the names of CIU participants and their holdings, as well as the sale, issue, repurchase, redemption and cancellation of holdings. The register must be kept up to date.

    • CIU-1.9.8

      Rule CIU-1.9.7 may normally be satisfied by an independent registrar being appointed to maintain such a register on behalf of the Bahrain domiciled retail CIU.

    • CIU-1.9.9

      Bahrain domiciled retail CIUs must arrange for the CIU's operator or any other institution offering its holdings to investors to comply with applicable anti-money laundering and combating the financing of terrorism ('AML/CFT') requirements. It is the responsibility of the Bahrain domiciled retail CIU to ensure that copies of required AML/CFT identification documentation are retained as part of the register specified in Rule CIU-1.9.7. Alternatively, they may be kept by the institution(s) offering the CIU's holdings, provided the documentation may be accessed by the Bahrain domiciled retail CIU and the CBB on request.