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CIU-5.2.3

Operators of Bahrain domiciled retail CIUs and Bahrain domiciled expert CIUs are liable for any loss suffered by participants, because of of their unjustifiable failure to perform their obligations adequately, as required under the CIU documents or this Module. This liability shall not in any way be diminished by any provision in any document, save to the extent that any release or indemnity from liability relates to a prior event and/or where clients holding not less than 75% in value of the units in issue at that date have agreed to such a release or indemnity.