MENA Asset Management Survey 2012 - National Bank of Abu Dhabi

Bahrain / Kuwait
Exchange Traded Funds
Questions Bahrain Kuwait
enforceable capital guarantee; and
(f) Not include any comparisons which may
be misleading considering the circumstances
of the CIU.
Where an advertisement contains any
forecast or projection, it must make clear the
basis upon which that forecast or projection
is made.
The advertisements must include a
statement informing the client that more
detailed information on the CIU is contained
in the prospectus, a copy of which must be
made available free of charge.
For exempt Bahrain domiciled CIUs,
promotion must be limited to accredited
investors and no public offering or mass
marketing is permitted.
Bahrain domiciled PIUs’ promotion must be
limited to high net worth individuals, and no
public offering or mass marketing is
permitted.
In all cases, marketing of funds can only
take place through licensed institutions in the
Kingdom of Bahrain.
Set Up/Establishment Fees
Application fee BHD100 for Bahrain domiciled CIUs and no
fees are levied on overseas domiciled CIUs.
Manager
scheme
of collective investment
license is KD 15K upon
140