Recordkeeping obligations require vault managers to maintain electronic vaulting records ensuring gold traceability and notify the regulator. Vault managers must operate electronic systems to record all vaulting transactions and maintain records ensuring gold traceability, including storage, transfer and withdrawal details; purity, quantity and weight; creation and extinguishment of Electronic Gold Receipts; depositor information under Know Your Depositor; instructions to and from beneficial owners; and reports submitted to the Board. They must notify the Board of the record location and preserve these records for a minimum period of five years.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Recordkeeping obligations require vault managers to maintain electronic vaulting records ensuring gold traceability and notify the regulator.
Vault managers must operate electronic systems to record all vaulting transactions and maintain records ensuring gold traceability, including storage, transfer and withdrawal details; purity, quantity and weight; creation and extinguishment of Electronic Gold Receipts; depositor information under Know Your Depositor; instructions to and from beneficial owners; and reports submitted to the Board. They must notify the Board of the record location and preserve these records for a minimum period of five years.
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