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CIU-2.1.5

The operator of a Bahrain domiciled PIU, or where relevant, the placement agent of an overseas domiciled PIU must ensure the following:

(a) Disclose that the PIU is only suitable for those who fall within the definition of ultra-high net worth investors;
(b) Obtain a written statement from the investor expressly agreeing that:
a. he falls within the definition of ultra-high net worth investors and accept the reduced regulatory requirements accordingly;
b. he is wholly responsible for ensuring that all aspects of the PIU are acceptable to him;
c. he understands that an investment in a PIU may involve special risks that could lead to a loss of all or a substantial portion of such investment and unless he understands the potential risks, he will not invest in the PIU; and
d. he acknowledges that the PIU is not subject to the CBB’s ongoing supervision.
Amended: October 2022
Added: April 2022