MANAMA: The Central Bank of Bahrain (CBB) has introduced a new licence category of investment firms under the CBB Rulebook Volume 4 – Investment Business.
The new licence category caters to the business models of specialist fund managers who operate/manage/market collective investment undertakings (CIU) which means funds targeted at ‘accredited investors’ only (investors with a net worth of $1 million and above) and not offered to ‘retail investors’ as defined under the CBB regulations) .