VOL.XXXVI

NO.15

11-JANUARY-1993

Financial and Banking News

REGIONAL BANKING

BahrainMonetary Agency Issues New Rules on Mutual Funds

The Bahrain Monetary Agency (BMA - Central Bank) has issued

newregulationsgoverningthe supervision,operation and marketing of collectiveinvestmentschemes(whichare

generally known as mutual funds). The BMA's intention is to allowfundswhicharelicensedinsimilarly regulated

jurisdictions to receive speedy approval for marketing both within and from Bahrain.TheBMA says...