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CIU-1.2.5

In case a Bahrain domiciled CIU does not deploy funds raised in accordance with the investment objectives within 6 months from the date of its authorisation/notification, the CIU operator must inform the CBB in writing the reasons for non-deployment of funds. The CBB may require the CIU operator to return any monies collected from CIU participants together with any subscription fees charged.

Added: April 2022