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CIU-1.1.1

Past version: Effective from 01 Apr 2022 to 30 Sep 2022
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The operators of CIUs, or where relevant, the placement agents offering CIUs in the Kingdom of Bahrain must ensure the following:

(a) The CIU is offered by qualified individuals who possess the ability to explain the nature, structure, investment objectives and the risks associated with investing in the CIU to investors in a manner that is clear, fair and not misleading;
(b) The investor’s profile and suitability assessments have been undertaken in determining if he is eligible to invest in the CIU being offered;
(c) The investors submit a declaration stating that they have read the offering documents, understand the investment objectives and are familiar with associated risks;
(d) The investors have access to the periodic reports specified in the offering documents in a timely manner;
(e) Any client complaints and/or enquiries from investors are addressed including the provision of information to investors as may reasonably be required in accordance with the terms of the offering memorandum; and
(f) They comply at all times with the laws of the Kingdom of Bahrain and the regulations of the CBB, including those related to AML/CFT.
Added: April 2022