QUALIFICATION FOR MEMBERSHIP OF THE BULLION EXCHANGE OR BULLION CLEARING CORPORATIONInternational Financial Services Centres Authority (Bullion Market) Regulations, 2025
QUALIFICATION FOR MEMBERSHIP OF THE BULLION EXCHANGE OR BULLION CLEARING CORPORATIONInternational Financial Services Centres Authority (Bullion Market) Regulations, 2025
Regulation 47 - Rights of Bullion Depositories and Beneficial Owners
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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Bullion depository receipt ownership transfers may be effected by depositories, while beneficial owners retain rights, benefits and liabilities. A bullion depository may effect transfer of ownership of a bullion depository receipt on behalf of the beneficial owner. Apart from this authority, its ... Summary
Bullion depository receipt ownership transfers may be effected by depositories, while beneficial owners retain rights, benefits and liabilities.
A bullion depository may effect transfer of ownership of a bullion depository receipt on behalf of the beneficial owner. Apart from this authority, its status as registered owner does not confer any other right in respect of bullion held by it. The beneficial owner is entitled to all rights and benefits attached to the bullion depository receipt and is subject to all liabilities associated with that receipt.
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