The Central Bank of Bahrain has established new regulations for collective investment undertakings (CIU), which cover hedge funds, derivatives and other alternative investments, along with mutual funds, lawandtax-news.com reports. The bank will issue the new regulations later this month. They will require hedge funds to register.
The rules also cover collective investment undertakings aimed at professional investors. Such products will be exempt from some of the rules as long as they are only sold to institutional and high-net-worth investors.