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  • Registration Process

    • CIU-4.1.4

      An application for registration under either Rules CIU-4.1.1 or CIU-4.1.2 must be made using a Form CIU (R) (Application for Registration of a CIU), submitted under a formal cover letter signed by two authorised signatories of the applicant. The application may only be made by the CBB licensee that is proposing to offer the CIU to investors in Bahrain.

    • CIU-4.1.5

      Only CBB licensees that are licensed either as conventional bank licensees (Volume 1 of the CBB Rulebook), Islamic bank licensees (Volume 2) or investment firm licensees (Volume 4), may offer overseas domiciled CIUs in Bahrain.

    • CIU-4.1.6

      The application must identify an individual who should be capable of being contacted by the CBB by post, telephone, fax and/or e-mail.

    • CIU-4.1.7

      The CBB's review of registration applications is mainly limited to satisfying itself that the applicant satisfies the conditions specified in Rules CIU-4.1.1 and CIU-4.1.2, and which category of scheme it falls under (i.e. retail CIU, expert CIU or exempt CIU): this may require seeking confirmation of the CIU's regulatory status from its home regulator, and reviewing the CIU's documentation (such as promotional material and its prospectus). The CBB does not however review the proposed structure or operations in detail, although it reserves the right to seek appropriate confirmations or additional information from the applicant.

    • CIU-4.1.8

      The CBB takes a decision on an application for registration made under Rules CIU-4.1.1 and CIU-4.1.2 within 15 calendar days of the application being received and assessed by the CBB as complete.