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  • BDE-6.1 BDE-6.1 Fees

    • BDE-6.1.1

      All costs and charges, including fees to relevant persons, payable from the assets of a Bahrain domiciled expert CIU must be clearly stated and disclosed in the prospectus and must include the following:

      (a) The breakdown of such costs and charges;
      (b) The estimated or actual amount of costs and charges payable;
      (c) The nature and the basis for their calculation; and
      (d) The maximum amounts payable, expressed as percentages of the CIU's assets, on a per annum basis.
      April 2012

    • BDE-6.1.2

      Where a performance fee is charged by way of deduction from the assets of a Bahrain domiciled expert CIU, the following must be stated in the prospectus:

      (a) The frequency of charging the performance fee to the CIU; and
      (b) The basis upon which the performance fee is calculated.
      April 2012

    • BDE-6.1.3

      If a performance fee is levied, the fee may only be payable:

      (a) Not more frequently than annually;
      (b) If the NAV per holding exceeds the NAV per holding on which the performance fee was last calculated and paid; and
      (c) From an audited NAV.
      April 2012

    • BDE-6.1.4

      Costs, charges and fees which have not been disclosed in a Bahrain domiciled expert CIU's prospectus must not be paid from the CIU's assets.

      April 2012