CIU-1.3.4
In respect of
(a) Disclose to the CIU participant that the CIU is only suitable for those who are treated as accredited investors for the purposes of this Module and, as such, are not subject to the CBB requirements otherwise applicable to CIUs offered to retail investors and that the exempt CIUs are not subject to the CBB’s on-going supervision;
(b) Obtain a written statement (either at the time of onboarding the client or at the time of offering the CIU) from the investor expressly agreeing that the investor:
a. falls within the definition of accredited investor and has accepted the reduced investor safeguards available on Bahrain domiciled retail CIUs;
b. understands that an investment in an exempt CIU may involve special risks that could lead to a loss of all or a substantial portion of such investment.
Added: April 2022