MENA Asset Management Survey 2012 - National Bank of Abu Dhabi

Bahrain / Kuwait
Exchange Traded Funds
Questions Bahrain Kuwait
CBB for the marketing of a foreign scheme
in Bahrain are:
• Form 1: CIU Application Form;
• Cover letter signed by an authorised
signatory of the applicant;
• the prospectus and subscription agreement
• a copy of the representative agreement
with the CBB licensee that will be acting as
the distributor within Bahrain; and
• certificate of incorporation or trust
certificate
• a copy of the authorisation certificate of the
CIU concerned from the regulator in its
country of domicile
Promoter/Capital Requirements
Information
Is promoter approval required? Yes Yes
Is there a regulatory obligation on a fund
promoter to make good any losses
suffered by fund?
Yes. Not only the promoter, but any relevant
person (promoter, manager, custodian,
administrator, etc.) shall be liable for losses
Yes , as the fund prospectus should
contain information that allow investors
to assess and evaluate the fund
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