MENA Asset Management Survey 2012 - National Bank of Abu Dhabi

Bahrain / Kuwait
Exchange Traded Funds
Questions Bahrain Kuwait
applying and every three years for
renewal
Applying for investment fund license is
KD 5,000 paid once upon establishment
Annual fee BHD 2,000 for Bahrain domiciled CIUs only.
Stock exchange application fee The registration fee for both a single scheme
and an umbrella scheme is BHD 300. The
annual subscription fee for a single scheme
is BHD 250. In the case of an umbrella
scheme an annual subscription fee of BHD
250 is required to be paid for each scheme
launched under the umbrella. The above
fees apply to Bahrain Bourse only.
Listing agents fee There would be no fees if the firm has to get
listed on the Bahrain Bourse.
Legal fees Depends on legal firm.
Custodian, Administration Fees Depends
custodian
on chosen administrator and
Other
Legal system Schemes are principally regulated in Bahrain
under the following laws and regulations:
• CBB Rulebook Volume 7 which is issued
under the powers available to the CBB under
article 38 of the Central Bank of Bahrain and
Marketing Non Kuwaiti funds inside
Kuwait applications fees is KD 50,000
paid upon applying for license and
annually upon license renewal
Registration fees in the stock exchange
is KD 10,000 paid upon registration
Common law , CMA law ‘s provisions
141