Advertising and Public Announcements
49. Advertisements and other announcements to the public in Bahrain to invest in a scheme (whether established in Bahrain or elsewhere) shall be submitted for approval to the Agency prior to the issue or publication thereof in Bahrain. Any approval granted by the Agency may be varied or withdrawn. Once authorized, the advertisement may be used for a maximum period of 12 months, provided there are no material changes in that period to the scheme.
50. Unless the Agency's specifically otherwise agrees in writing, no radio, television or cinema advertising of a scheme is permitted in Bahrain, nor is door to door canvassing for sales of a scheme permitted.
51. If any scheme is described as having been authorised and approved by the Agency, it must be stated in all relevant documentation that, in giving this authorisation and approval, the Agency does not take responsibility for the financial soundness of the scheme or for the correctness of any statements made or expressed in relation thereto.
52. Advertisements and other invitations to the public in Bahrain must not refer to any scheme which has not obtained the prior authorisation and approval of the Agency.
53. Advertisements should include a warning statement that:
(i) the price of units (and, if appropriate, the income if dividends are to be paid from them) may go down as well as up, and that past performance is not a guide to future performance; and
(ii) in certain circumstances, the right to repurchase, redeem, reimburse or repay (as may be appropriate) units may be suspended.