A concentration shall not be deemed to arise where commercial banks, other credit institutions, intermediaries of public trading in securities, collective investment undertakings or management companies and insurance companies acquire 25 per cent or more of the shares with a view to disposing of these shares in the future, provided that: they do not exercise voting rights in respect of those shares; disposal of shares takes place within one year of the date of acquisition; and the acquiring undertaking informs the Council about such acquisition within a one-month period.
The Inovest Real Estate Investment Trust (IREIT) has been authorised and approved by the Central Bank of Bahrain as an Expert Collective Investment Undertaking established as a unit trust and with Two Seas Trust as trustee.
The Inovest Real Estate Investment Trust (IREIT), a Bahrain-based Sharia'h compliant investment company, has been authorised and approved by the CBB as an expert collective investment undertaking established as a unit trust and with Two Seas Trust as trustee.
Where there is no double taxation agreement yet in place, there are credits for withholding taxes levied in other jurisdictions; tax exemption for Collective Investment Undertakings and access to Botswana's 200% tax rebate on training costs.
net (Staff Writer) The Inovest Real Estate Investment Trust ("IREIT") has been authorised and approved by the Central Bank of Bahrain as an Expert Collective Investment Undertaking established as a unit trust and with Two Seas Trust B.
While many of these are focused on investments based in the region, they find an added value in utilising the Bahraini collective investment undertakings (CIU) regulatory framework for the establishment of their CIU investment vehicles.
Once fully functional, the centre will provide for the establishment of collective investment undertakings, fund administration, international business corporations, international trusts, captive insurance and international banking services.
Other collective investment undertakings – although, in order for the exemption to apply: he sole object must be investment of capital, raised from the public, wholly or mainly in securities assets must be managed on the principle of spreading investment risk all ordinary shares (of each class if there is more than one) or equivalent units must be included in the official list maintained by the Financial Services Authority (FSA) pursuant to section 74(1) of the Financial Services and Markets Act 2000 all ordinary shares (of each class if there is more than one) or equivalent units must be admitted to trading on a regulated market situated or operating in the UK.
