CIU-2.1.6

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Expert CIUs may avail themselves of the following exemptions:

(a) They may utilize higher aggregate and individual exposure limits, as specified in Appendix D;

(b) They may invest in a wider range of asset classes, as specified in Appendix D;

(c) They may borrow up to 30% of the CIU's assets, instead of the 20% limit applied to Bahrain domiciled retail CIUs (see Rule CIU-1.7.1); and

(d) They may enter into stock lending arrangements of up to 30% of the CIU's net asset value, instead of the 20% limit applied to Bahrain domiciled retail CIUs.