CBB Volume 6: Contents
Bahrain domiciled retail CIUsG must maintain an adequate framework for the governance and operation of the CIUG . This framework must seek to ensure that the CIUG is governed effectively and in the interests of the CIU's participantsG .
The main aim of the framework should be to ensure that when faced with a conflict, the CIUG respects all applicable rules and its contractual obligations from an objective perspective, withouth favouring CIUG insiders (including relevant personsG ) at the expense of the interests of the CIU's participantsG .
The CIU'sG directors (or trustees in the case of a trust) may not delegate their oversight responsibilities, although execution of operational functions may be outsourced to other entities.