MENA Asset Management Survey 2012 - National Bank of Abu Dhabi

Bahrain / Kuwait
Exchange Traded Funds
Questions Bahrain Kuwait
However, additional documents will also be
required such as the fund management
agreement, registrar agreement, placement
agreement, sharia advisory agreement (if
applicable), investment advisory agreement
(if applicable), and the representative
agreement (if applicable).
Bahrain domiciled PIUs are only required to
be registered with CBB. A formal letter
containing the structure signed by an
authorized signatory of the applicant must be
submitted, along with the draft PPM, draft
Articles and memorandum of Association,
certified and valid passport copies and CVs
of directors, and a Board resolution of the
promoter approving the application to seek
registration of the PIU.
Foreign funds
The schemes established and managed
outside Bahrain are allowed to be marketed
in Bahrain. The bank/financial institution in
Bahrain through which a scheme established
outside Bahrain is marketed in Bahrain must
obtain the authorisation or registration of the
CBB prior to the commencement of
marketing. Marketing of the scheme in
Bahrain implies that Bahraini residents can
also subscribe for units in the scheme.
Essentially, the information required by the
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