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  • Part B

     

    Table of Contents
     
    Glossary of Defined TermsApr 22PDF Version
    CBB Authorisation FormsForm 1Retail CIU Authorisation FormJul 22PDF Version
    Form 2Exempt CIU/PIU Notification FormJul 22PDF Version
    Form 3ODC Filing Form [This form was deleted in July 2022]Jul 22Deleted
    Form LP 1LP Application FormJul 17PDF Version
    Form LP 2GP Application FormJul 17PDF Version
    Form PCC 1PCC Application FormJul 17PDF Version
    Form PCC 2Conversion to PCC Application FormJul 17PDF Version
    Application FormGCC Cross-Border Registration of Investment Funds FormApr 25PDF Version
    CBB Reporting FormsForm CIU(QS)Quarterly Prudential ReturnApr 12MS Excel Version
    Form ALFAnnual License Fee [This form was deleted in July 2013]Jul 13Deleted
     Direct Debit Authorisation FormOct 14PDF Version
    Supplementary InformationARRAuthorisation/Registration Requirements
    ARR - (i)Documents Constituting the CIU [This form was deleted in July 2022]Jul 22Deleted
    ARR - (ii)Prospectus [This form was deleted in July 2022]Jul 22Deleted
    ARR - (iii)Simplified Prospectus [This form was deleted in July 2022]Jul 22Deleted
    ARR - (iv)Admissible Assets and Limits [This form was deleted in July 2022]Jul 22Deleted
    CRRCBB Reporting
    CRR - (i)Contents of Financial Reports [This form was deleted in July 2022]Jul 22Deleted
     GCC Fund Passporting Regime  
     Regulation for the Cross-Border Registration of Investment FundsMay 25 
     Regulatory FrameworkMay 25 

     

    • Glossary of Defined Terms

      • Glossary History

        Version Date Description of Changes
        04/2012 Initial Launch
        07/2017 Deleted "resident" with respect to investors in the terms 'placement agent offering overseas domiciled CIU holdings' and 'relevant person(s)'.
        10/2020 Amended definition of ‘Accredited investor(s)’.
           
           

        • [A] [A]

          • Accredited investor(s)

            Accredited investors are defined as investors meeting the following criteria:

            (a) Individuals who have a minimum net worth (or joint net worth with their spouse) of USD 1,000,000, excluding that person’s principal place of residence;
            (b) Companies, partnerships, trusts or other commercial undertakings, which have financial assets available for investment of not less than USD 1,000,000; or
            (c) Governments, supranational organisations, central banks or other national monetary authorities, and state organisations whose main activity is to invest in financial instruments (such as state pension funds).

            Individuals and commercial undertakings may elect in writing to be treated as accredited investors subject to meeting at least two of the following conditions:

            (a) The investor has carried out trading/investing transactions, in significant size (i.e. value of transactions aggregating USD 200,000) over the last 12-month period;
            (b) The size of the investor's financial assets portfolio including cash deposits and financial instruments is USD 500,000 or more; and/or
            (c) The investor works or has worked in the financial sector for at least one year in a professional position, which requires knowledge of the transactions or services envisaged (i.e. the position was professional in nature and held in a field that allowed the client to acquire knowledge of transactions or services that have comparable features and a comparable level of complexity to the transactions or services envisaged).
            Amended: April 2022
            Amended: October 2020

        • [B] [B]

          • Bahrain domiciled CIU(s)

            Bahrain domiciled CIUs are CIUs which are established or domiciled in the Kingdom of Bahrain.

            Amended: April 2022

          • Bahrain domiciled retail CIU(s)

            Bahrain domiciled CIUs intended for offering to retail investors in the Kingdom of Bahrain.

            Amended: April 2022

          • Bahrain domiciled exempt CIU(s)

            Bahrain domiciled CIUs intended for offering to accredited investors in the Kingdom of Bahrain.

            Amended: April 2022

        • [C] [C]

          • CIU participant(s)

            A CIU participant (also generally known as a unitholder) is an investor in a CIU holding one or more units of beneficial interest in the CIU by whatever name it is called.

            Amended: April 2022

          • Closed-ended fund(s)

            Closed-ended funds are CIUs with a limited number of units of beneficial interest in the CIU which are not normally redeemable until the fund liquidates. Typically, an investor can acquire or dispose of units in a closed-ended fund by buying or selling them on a secondary market, from a market intermediary or other investors, rather than by dealing with the CIU itself.

            Amended: April 2022

          • Collective Investment Undertaking(s) ('CIUs')

            Collective investment undertakings (‘CIUs’) are undertakings, the sole object of which is the collective investment of capital raised from the public or through private placement, including investment seeded by the operator, in financial instruments and other assets in accordance with a defined investment policy.

            Amended: April 2022

          • Connected Parties

            Connected parties are parties where one party owns, directly or indirectly, 20% or more of the voting rights or beneficial ownership interest of the other party.

            Amended: April 2022

          • Contractual CIU

            Contractual CIUs are CIUs established by way of a contract between the CIU operator and CIU participants.

            Added: April 2022

          • Custodian(s)

            A custodian is a person mandated to hold and safeguard financial instruments and other assets for the account of a CIU.

            Amended: April 2022

        • [D]

        • [E] [E]

          • Exempt CIU(s)

            Exempt CIUs are lightly regulated CIUs that may generally be offered only to accredited investors or ultra-high net worth investors.

            Amended: April 2022

        • [F] [F]

          • Fund administrator(s)

            Fund administrators are persons who undertake bookkeeping and accounting, valuation, net asset value calculation, and other back office functions for a CIU.

            Amended: April 2022

        • [G]

        • [H]

        • [I]

        • [J]

        • [K]

        • [L] [L]

          • Licensed exchange(s)

            Licensed exchange means an exchange licensed in respect of the operation of its market in and from the Kingdom of Bahrain.

            Amended: April 2022

        • [M]

        • [N]

        • [O] [O]

          • Open-ended fund(s)

            An open-end(ed) fund is a CIU which can issue and redeem holdings at any time. An open-ended fund is equitably divided into units which vary in price in direct proportion to the variation in value of the CIU’s net asset value.

            Amended: April 2022

          • Operator(s)

            Operator is the legal entity that has overall responsibility for management and performance of the functions of the CIU, which may include investment advice and operational services.

            Amended: April 2022

          • Overseas domiciled CIU(s)

            Overseas domiciled CIUs are undertakings that are established or domiciled in jurisdictions other than the Kingdom of Bahrain.

            Amended: April 2022

          • Overseas domiciled exempt CIU(s)

            Overseas domiciled CIUs intended for offering to accredited investors in the Kingdom of Bahrain.

            Amended: April 2022

          • Overseas domiciled retail CIU(s)

            Overseas domiciled CIUs intended for offering to retail investors in the Kingdom of Bahrain.

            Amended: April 2022

        • [P] [P]

          • Placement agent

            A placement agent is an entity that acts as agent on behalf of the operator or fund manager in placing units of the CIU. All banks, category 1, 2 and 4 investment firms can act as placement agents.

            Amended: April 2022

          • Private investment undertakings (PIU)

            Private Investment Undertakings are defined as CIUs that are privately placed to only ultra-high net worth investors.

            Amended: April 2022

        • [Q]

        • [R] [R]

          • Relevant person(s)

            A relevant person for the purpose of Module CIU include the following:

            (a) Operator;
            (b) Custodian;
            (c) Fund administrator; and
            (d) Placement agent.
            Amended: April 2022
            Amended: July 2017

          • Retail CIU(s)

            Retail CIU(s) are CIUs that may be offered to retail and other investors.

            Amended: April 2022

            • Retail investors

              A retail investor means an investor who is not classified as an accredited investor or as an ultra-high net worth investor.

              Added: April 2022

        • [S] [S]

          • Shari'a advisor(s)

            Is a Shari’a scholar responsible for directing, reviewing and supervising the activities of a Shari’a compliant CIU, in order to ensure it is in compliance with Islamic Shari’a rules and principles.

            Amended: April 2022

          • Shari'a compliant CIU

            Are CIUs that hold themselves out to be managed in accordance with Shari'a principles.

        • [T]

        • [U] [U]

          • Ultra-high net worth investors

            Ultra-high net worth investors are:

            (a) Individuals who have a minimum net worth (or joint net worth with their spouse) of USD 25 million or more;
            (b) Companies, partnerships, trusts or other commercial undertakings, which have financial assets available for investment of not less than USD 25 million; or
            (c) Governments, supranational organisations, central banks or other national monetary authorities, and state organisations whose main activity is to invest in financial instruments (such as state pension funds).
            Added: April 2022

        • [V]

        • [W]

        • [X]

        • [Y]

        • [Z]

    • CBB Authorisation Forms

      • Form 1 Retail CIU Authorisation Form

        Please download the Form in PDF format.

      • Form 2 Exempt CIU/PIU Notification Form

        Please download the Form in PDF format.

      • Form 3 ODC Filing Form [This form was deleted in July 2022]

        This form was deleted in July 2022.

      • Form LP 1 LP Application Form

        Please download the Form in PDF format.

      • Form LP 2 GP Application Form

        Please download the Form in PDF format.

      • Form PCC 1 PCC Application Form

        Please download the Form in PDF format.

      • Form PCC 2 Conversion to PCC Application Form

        Please download the Form in PDF format.

      • Application Form GCC Cross-Border Registration of Investment Funds Form

        Please download the Form in PDF format.

    • CBB Reporting Forms

      • CIU(QS) Quarterly Prudential Return

        Please download the form in Excel format.

      • ALF Annual License Fee [This form was deleted in July 2013]

        This form was deleted in July 2013.

      • Direct Debit Authorisation Form

        Please download the form in PDF format.

    • Supplementary Information

      • ARR ARR Authorisation / Registration Requirements

        • Appendix ARR - (i) Documents Constituting the CIU [This form was deleted in July 2022]

          This form was deleted in July 2022.

        • Appendix ARR - (ii) Prospectus [This form was deleted in July 2022]

          This form was deleted in July 2022.

        • Appendix ARR - (iii) Simplified Prospectus [This form was deleted in July 2022]

          This form was deleted in July 2022.

        • Appendix ARR - (iv) Admissible Assets and Limits [This form was deleted in July 2022]

          This form was deleted in July 2022.

      • CRR CRR CBB Reporting

        • Appendix CRR - (i) Contents of Financial Reports [This form was deleted in July 2022]

          This form was deleted in July 2022.

      • GCC Fund Passporting Regime

        • Regulation for the Cross-Border Registration of Investment Funds

          Click here to download the Arabic Regulation in PDF format.

          Click here to download the English Regulation in PDF format.

        • Regulatory Framework

          Click here to download the Arabic Regulatory in PDF format.

          Click here to download the English Regulatory in PDF format.