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CIU-1.5.4

The operators of Bahrain domiciled exempt CIUs that are not established as contractual CIUs are required to comply with the following requirements:

(a) Appoint an independent CBB licensed custodian for open-ended CIUs;
(b) The fund administration activity must be carried out in the Kingdom of Bahrain, either by the operator or by a custodian authorised to provide fund administration services; and
(c) Appoint an independent Bahrain based external auditor.
Added: April 2022