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  • Mergers and Transfers

    • CIU-1.12.1

      A Bahrain domiciled retail CIU must seek prior written approval from the CBB in order to merge with, or else transfer its assets to another CIU. The Bahrain domiciled retail CIU concerned must set out in writing the reasons for the proposed merger or transfer, the alternatives available to CIU participants (including redemption and if possible a right to redeem or switch without charge into another authorised CIU), the estimated costs of the merger or transfer, and information on who is expected to bear these.

    • CIU-1.12.2

      In all cases, a merger or transfer of a Bahrain domiciled retail CIU must be in accordance with the instrument constituting the CIU and all applicable laws.