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CIU-1.7.1

A Bahrain domiciled retail CIU may only borrow subject to the following conditions:

(a) The borrowing is temporary and not persistent;
(b) The borrowing is to be repayable out of the assets of the CIU;
(c) The assets of the CIU are not hypothecated or mortgaged or otherwise encumbered, except for the purposes of stock lending;
(d) The borrowing does not at any time exceed 20% of the CIU's assets; and
(e) The circumstances and applicable conditions for such borrowings are disclosed in its prospectus.