Electronic bullion receipts: depository participant provisions replace gold terminology in receipt wording after prescribed publication-based commencement. Regulation 42(a) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018, inserts "Electronic bullion Receipt" ... Summary
Electronic bullion receipts: depository participant provisions replace gold terminology in receipt wording after prescribed publication-based commencement.
Regulation 42(a) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018, inserts "Electronic bullion Receipt" after "Receipts" and before "or". The expression uses "bullion" in place of "Gold", with the specified substitution taking effect on the ninetieth day from the date of publication of the amendment.
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