Vault business recordkeeping requires electronically retrievable, segregated transaction accounts and availability of records for regulatory inspection. Vault managers must keep complete, accurate and electronically retrievable records and accounts of vault operations, including bullion received and ... Summary
Referred In :
International Financial Services Centres Authority (Bullion Market) Regulations, 2025
Vault business recordkeeping requires electronically retrievable, segregated transaction accounts and availability of records for regulatory inspection.
Vault managers must keep complete, accurate and electronically retrievable records and accounts of vault operations, including bullion received and withdrawn and bullion depository receipts issued. Vault-business records must be maintained in numerical sequence, separately from any other business records, and retained in the prescribed form, manner and period. The records and accounts must be available for inspection when required by the Authority, bullion exchange or bullion depository.
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