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  • Registration Requirement

    • CIU-3.2.1

      Bahrain domiciled exempt CIUs must be registered with the CBB prior to their being offered to investors.

    • CIU-3.2.2

      Bahrain domiciled exempt CIUs are not subject to the CBB's authorisation or on-going supervisory requirements. The registration requirement is to allow the CBB to monitor developments in the financial services sector.

    • CIU-3.2.3

      An application for registration may only be made by one of the following:

      (a) The operator of the CIU; or
      (b) The directors or trustees of the CIU (as appropriate).

    • CIU-3.2.4

      An applicant may appoint a representative — such as the CIU's proposed administrator/custodian, or a law firm or professional consultancy — to prepare and submit the application. However, the applicant retains full responsibility for the accuracy and completeness of the application, and is required to certify the application form accordingly. The CBB also expects to be able to liaise directly with the applicant during the registration process, when seeking clarification of any issues.

    • CIU-3.2.5

      An application for registration under Rule CIU-3.2.1 involving an overseas operator will only be considered if the overseas operator has a suitable track record in operating CIUs.