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
Electronic recordkeeping obligations require bullion market entities to preserve governance, transaction, settlement and accounting records for prescribed retention periods. Bullion exchanges and clearing corporations must preserve prescribed books, documents and operational records in electronically retrievable form for the ... Summary
Electronic recordkeeping obligations require bullion market entities to preserve governance, transaction, settlement and accounting records for prescribed retention periods.
Bullion exchanges and clearing corporations must preserve prescribed books, documents and operational records in electronically retrievable form for the applicable retention period. Clearing-corporation records include governance minutes, clearing-member and settlement details, transactions, security and margin deposits, client margin collections, ledgers, journals, cash books and bank statements. Bullion depositories, vault managers and other prescribed intermediaries must preserve books of account and documents electronically for at least eight years.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.