MENA Asset Management Survey 2012 - National Bank of Abu Dhabi

Bahrain / Kuwait
Exchange Traded Funds
Questions Bahrain Kuwait
expert CIU will apply, including (but not
limited to):
(a) The type of assets which the CIU may
invest in;
(b) The aggregate limits for each asset
class;
(c) Permitted individual exposures under
each asset class; and
(d) A description of remedial measures to be
taken in the event of limit exceptions.
If the investment and risk management
policies mentioned above are breached, the
Bahrain domiciled retail / expert CIU must
take all necessary steps to remedy the
situation immediately, taking into account the
interests of the CIU’s participants.
Bahrain domiciled exempt CIUs should
operate on the principle of risk management
and be diligent in maintaining and
implementing investment and risk
management policies aimed at prudent risk
control.
Bahrain domiciled PIUs are not required to
demonstrate to CBB the risk management
policies they maintain, due to the fact that
they are only marketed to high net worth
individuals. However, a PIU must be able to
demonstrate
potentially
that the risk exposure
represented has been clearly
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