Bullion depository registration requires consumer-protective governance, vault-manager arrangements, and physical verification before operations may commence. Registration of a bullion depository requires additional safeguards, including bye-laws and legal documentation aligned with its objectives and consumer ... Summary
Bullion depository registration requires consumer-protective governance, vault-manager arrangements, and physical verification before operations may commence.
Registration of a bullion depository requires additional safeguards, including bye-laws and legal documentation aligned with its objectives and consumer protection. The depository must have an agreement with a vault manager possessing the infrastructure and standards necessary for safe bullion storage. Before approving commencement of operations, the Authority physically verifies the infrastructure facilities and systems established by the bullion depository.
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