RIGHTS AND OBLIGATIONS OF BULLION DEPOSITORIES, PARTICIPANTS AND BENEFICIAL OWNERSInternational Financial Services Centres Authority (Bullion Market) Regulations, 2025
RIGHTS AND OBLIGATIONS OF BULLION DEPOSITORIES, PARTICIPANTS AND BENEFICIAL OWNERSInternational Financial Services Centres Authority (Bullion Market) Regulations, 2025
Regulation 49 - Pledge or hypothecation of Bullion Depository Receipt held in a Bullion Depository
International Financial Services Centres Authority (Bullion Market) Regulations, 2025 Chapter XI RIGHTS AND OBLIGATIONS OF BULLION DEPOSITORIES, PARTICIPANTS AND BENEFICIAL OWNERS
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Pledge or hypothecation of bullion depository receipts requires prior depository approval, beneficial owner notice, and record entry as evidence. Pledge or hypothecation of a Bullion Depository Receipt by a beneficial owner requires previous approval of the bullion depository. Every beneficial owner ... Summary
Pledge or hypothecation of bullion depository receipts requires prior depository approval, beneficial owner notice, and record entry as evidence.
Pledge or hypothecation of a Bullion Depository Receipt by a beneficial owner requires previous approval of the bullion depository. Every beneficial owner must intimate the bullion depository of the pledge or hypothecation, following which the bullion depository must make corresponding entries in its records. Such record entries are treated as evidence of the pledge or hypothecation.
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