New Hedge Fund Regulations in Bahrain
Filed in archive Hedgetalk by Alex Akesson on April 09, 2007

Gulf as a hedge fund center, with over 2,000 authorized funds, including over 100 locally domiciled funds.The Central Bank of Bahrain (CBB) is now finalizing new regulations that they hope will open up the development of a regional industry of hedge funds, derivatives and other alternative investment instruments.
The new framework will create a new category of "Exempt" schemes. These schemes will be required only to register with the CBB, rather than be authorized, and will not be subject to on-going supervision. They will not be regulated, but may only be sold to a restricted investor base;- those able to make a minimum investment of US$100,000, and with at least US$1 million in financial assets, and subject to verification by the institution selling the product that the investor fully understands the risks involved. -More here.
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