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CIU-1.2.2

The operator of a Bahrain domiciled retail CIU together with the directors of the CIU concerned (or trustees in the case of a trust arrangement) must ensure that the instrument constituting the CIU:

(a) Does not contain information that is untrue, misleading, or unfairly prejudicial to the interests of the CIU participants;
(b) Does not contain any provisions that conflict with either CBB requirements or other laws and regulations, that may apply to the CIU operator, manager and other relevant persons to the CIU; and
(c) Is not unfairly prejudicial to the interests of the CIU participants, either generally or to a particular class of CIU participant.