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  • BDE-B.1 BDE-B.1 Definition

    • Bahrain Domiciled Expert CIUs

      • BDE.B.1.1

        Bahrain domiciled expert CIUs are defined under section Paragraph ARR-B.1.14 as CIUs that may be offered only to expert investors, and impose a minimum initial investment of USD10,000 (or equivalent in any other currency).

        April 2012

      • BDE.B.1.2

        A Bahrain domiciled expert CIU must be able to demonstrate that each of its participants falls within the definition of an expert investor. It should also be able to demonstrate that the risk exposure potentially represented by a Bahrain domiciled expert CIU have been clearly communicated and understood by the CIU participants.

        April 2012

      • BDE.B.1.3

        To help demonstrate compliance with Rule BDE-B.1.2, the CBB would expect to see a written confirmation from each CIU participant, stating that they satisfy the definition of an expert investor and confirming that they understand the higher risks involved in an expert CIU.

        April 2012

    • Authorisation Requirements

      • BDE.B.1.4

        Bahrain domiciled expert CIUs must be authorised by the CBB prior to being offered to investors, in accordance with the requirements set out in Chapter ARR-3.

        April 2012