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  • BDE-4.3 BDE-4.3 Significant Influence / Conflicts of Interest

    • BDE-4.3.1

      Bahrain domiciled expert CIUs must not acquire securities issued by a relevant person, unless exempted in writing by the CBB.

      April 2012

    • BDE-4.3.2

      Exemption from Rule BDE-4.3.1 will normally only be given by the CBB in cases where a Bahrain domiciled expert CIU is pursuing a market index strategy, such that it is obliged to invest in a relevant person's securities in order to replicate a market index.

      April 2012

    • BDE-4.3.3

      Bahrain domiciled expert CIUs must not invest in any security (of any class) in a company or other undertaking, if any director of the CIU or of any relevant person and its affiliates individually or collectively owns more than 5% of those securities.

      April 2012

    • BDE-4.3.4

      The prohibition in Paragraph BDE-4.3.3 also applies where the ownership of the directors of the CIU or of any relevant person and its affiliates, is in the parent, subsidiary or other associated undertaking of the company in which the CIU is to make the investment.

      April 2012

    • BDE-4.3.5

      Bahrain domiciled expert CIUs must not invest in other CIUs which have the same operator, as the Bahrain domiciled expert CIU.

      April 2012

    • BDE-4.3.6

      Bahrain domiciled expert CIUs must not enter into a transaction where one of the relevant persons is a counterparty to the transaction.

      April 2012