By virtue of its authorisation/registration with the CBB, the Bahrain domiciled CIU acknowledges the authority of the CBB to request the CIU to undergo liquidation or to de-register a CIU at any time and/or, acting by way of Directive, order its compulsory liquidation. Such powers shall be exercised reasonably. The CIU also acknowledges that the courts of Bahrain have the authority to order the compulsory liquidation of Bahrain domiciled CIUs.

April 2012