• RP-A RP-A Introduction

    • RP-A.1 RP-A.1 Purpose

      • Executive Summary

        • RP-A.1.1

          This Module sets out the requirements of the Central Bank of Bahrain's (CBB) with respect to the combination, appointment and responsibilities of Relevant Persons to CIUs.

          April 2012

      • Legal Basis

        • RP-A.1.2

          This Module contains the CBB's Directive (as amended from time to time) regarding relevant persons under Volume 7 of the CBB Rulebook. It is issued under the powers available to the CBB under Article 38 of the Central Bank of Bahrain and Financial Institutions Law 2006 ('CBB Law'). This Directive is applicable to all CBB licensees that are relevant persons.

          April 2012

        • RP-A.1.3

          For an explanation of the CBB's rule-making powers and different regulatory instruments, see Section UG-1.1.

          April 2012

    • RP-A.2 RP-A.2 Module History

      • Evolution of Module

        • RP-A.2.1

          This Module was first issued in April 2007, as part of the initial release of the contents of Volume 6 (Capital Markets); it was given an effective date of 1 June 2007, with a one-year transition for existing CIUs.

          April 2012

        • RP-A.2.2

          The Module was subsequently revised in April 2012, by the addition of several sections catering for the role and responsibilities of relevant persons, the registration and authorisation requirements, corporate governance, and other relevant Chapters and has been reissued as Volume 7.

          April 2012

        • RP-A.2.3

          A list of recent changes made to this Module subsequent to the April 2012 revision is provided below:

          Module Ref. Change Date Description of Changes
          RP-12.4.1 07/2015 Amended to reflect the process for filing for exempt and expert CIUs.
          RP-12.6.2 07/2015 Added requirement for placement agent to retain supporting documentation ensuring suitability of the CIU for the targeted category of investors.
          RP-3.6.5 10/2016 This paragraph has been deleted in October 2016.
          RP-1.1.1; RP-1.3.7; RP-12.1.1; RP-12.2.1 07/2017 Deleted 'resident' with respect to investors.
          RP-1.2.4 01/2020 Amended Paragraph.

      • Superseded Requirements

        • RP-A.2.4

          This Module supersedes the following provisions contained in circulars or other regulatory instruments:

          Circular / other reference
          Volume 6 Module CIU
          April 2012

        • RP-A.2.5

          Further guidance on the implementation and transition to Volume 7 (Collective Investment undertakings) is given in Module ES (Executive Summary).

          April 2012