Regulatory Alerts2022-02-17
Collective Investment Undertaking (CIU) Regulations
The Central Bank of Bahrain proposes to rationalize its regulatory framework by consolidating all existing modules in Part A of Volume 7 into a single Collective Investment Undertaking Module alongside an updated Glossary of Terms. This streamlined structure will simplify compliance obligations for banks, investment firms, administrators, and trust service providers while application forms in Part B undergo subsequent amendments. Stakeholders are invited to submit written comments on the proposed regulations by 17 February 2022.
# Office of the Governor
OG/27/2022
17<sup>th</sup> January 2022
## Chief Executive Officers
All Banks
All Investment Firms
All Administrators
All Trust Service Providers
Law Firms
External Auditors
Manama
Kingdom of Bahrain
Dear Sir/ Madam,
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## Consultation: Collective Investment Undertaking (CIU) Regulations
As part of the CBB’s objectives to enhance its regulatory framework, the CBB is hereby proposing to rationalize and simplify the CIU regulations in Volume 7 of the CBB Rulebook. In this respect, a single Module CIU (attached) will replace all the Modules included in Part A of the CBB Rulebook Volume 7. The revised proposed Glossary of Terms is also attached.
The application forms and other documentation in Part B of the CBB Rulebook Volume 7 will be amended in due course.
The proposed requirements will be available on the CBB website ([www.cbb.gov.bh](http://www.cbb.gov.bh)) under the “open consultations” section.
The CBB requests you to provide your comments on the proposed Module CIU and the Glossary of Terms, including ‘nil comments’, in an editable format to **consultation@cbb.gov.bh** by 17<sup>th</sup> February 2022.
Yours faithfully,
Rasheed M. Al-Maraj
Governor
Cc: Bahrain Association of Banks
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**Central Bank of Bahrain**
ص.ب : ٢٧، المنامة - مملكة البحرين
هاتف: (+973) 1756500 - فاكس: (+973) 17537799
P.O. Box : 27, Manama - Kingdom of Bahrain
Tel: (+973) 17547500 - Fax: (+973) 17537799
website: www.cbb.gov.bh
E-mail: governor@cbb.gov.bh
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