Regulatory Alerts2012-05-02
CBB Revised Collective Investment Undertakings Module Industry Comments and Responses
The Central Bank of Bahrain issued this document to address industry feedback on the revised Collective Investment Undertakings Module, clarifying fund classifications, valuation frequencies, and legal entity requirements. The regulator confirms targeted amendments to authorization timelines, annual fee structures for retail funds, and operator responsibilities while maintaining separate legal vehicle mandates to protect investor interests. These responses standardize definitions for retail, expert, and exempt funds, streamline exchange listing exemptions, and align accounting treatments with international guidelines to facilitate market development.
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