Regulatory Alerts2022-09-28
Amendments to Collective Investment Undertakings (CIU) Module
The Central Bank of Bahrain issued amendments to its Collective Investment Undertakings Module to clarify regulatory requirements for overseas domiciled funds and exchange-traded funds. The revisions exclude foreign-listed ETFs from the module's scope, treat them as securities, and establish a ten-working-day notification deadline for placement agents ceasing to offer these funds. Furthermore, the amendments streamline the authorization process by allowing retail funds targeting accredited investors to utilize the faster notification channel while reinforcing licensee due diligence and governance obligations.
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