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LDR-2.1.1

The CBB may revoke authorisation of a Bahrain domiciled CIU in the following cases:

(a) If the CIU is not in operation within 6 months from the date of its authorisation (Refer to Module ARR);
(b) If any of the applicable requirements contained in Volume 7 are not met;
(c) If false or misleading information has been provided to the CBB, or significant information which should have been provided to the CBB has not been so provided; or
(d) If the CBB believes it necessary in order to safeguard the interests of potential investors or the CIU'sparticipants.
April 2012