• CG-A CG-A Introduction

    • CG-A.1 CG-A.1 Purpose

      • Executive Summary

        • CG-A.1.1

          Bahrain domiciled CIUs must maintain an adequate framework for the governance and operation of the CIU to ensure that the CIU is governed effectively and in the best interests of the CIU's participants.

          April 2012

        • CG-A.1.2

          The main aim of the framework should be to ensure that when faced with a conflict of interest, the CIU respects all applicable rules and contractual obligations from an objective perspective, without favouring CIU insiders (including relevant persons) at the expense of the interests of the CIU's participants.

          April 2012

      • Legal Basis

        • CG-A.1.3

          This Module contains the CBB's Directive (as amended from time to time) regarding corporate governance applicable to collective investment undertakings and 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').

          April 2012

        • CG-A.1.4

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

          April 2012

    • CG-A.2 CG-A.2 Module History

      • Evolution of Module

        • CG-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

        • CG-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

        • CG-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
          April 2012

      • Superseded Requirements

        • CG-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

        • CG-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