Monday December 11 2017
News Source: Global Exchanges
Focus: Derivative Market Segment
Type: General
Country: Bahrain
Link: http://www.cbb.gov.bh/page.php?p=bahrain_issues_exchange-traded_funds_(etfs)_regulations
On 10th December 2017, the Central Bank of Bahrain (CBB) released directives for both offshore and locally domiciled Exchange-Traded Funds (ETFs), as part of the its commitment to further enhance the Collective Investment Undertakings (“CIUs”) in the Kingdom of Bahrain under Volume 7 of CBB Rulebook.
The new directives will expand the categories of locally domiciled mutual funds to include ETFs as another type of Collective Investment Undertakings (“CIU”) that may establish in Bahrain and listed by banks and other financial institutions on licensed exchanges. It will also permit the registration of listed offshore ETFs as detailed in CBB Rulebook Volume 7.
Moreover, the new directives recognise both conventional and sharia compliant ETFs, to accommodate for a wider range of investors’ preferences.
Please click on the above link for more information.