Uniform sampling procedure for exchange warehouses mandates sealed multi sample collection with depositor presence to reduce quality disputes. Exchanges and clearing corporations must collect and seal adequate samples of goods deposited at accredited warehouses in the presence of the depositor or authorized representative; the circular advises retention of four samples-one for analysis, one with the warehouse service provider for comparison, one given to the depositor, and one kept for record/lab reference-and directs exchanges to amend bye laws, notify brokers, publish the procedure, and report implementation within the prescribed timeframe.
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Provisions expressly mentioned in the judgment/order text.
Uniform sampling procedure for exchange warehouses mandates sealed multi sample collection with depositor presence to reduce quality disputes.
Exchanges and clearing corporations must collect and seal adequate samples of goods deposited at accredited warehouses in the presence of the depositor or authorized representative; the circular advises retention of four samples-one for analysis, one with the warehouse service provider for comparison, one given to the depositor, and one kept for record/lab reference-and directs exchanges to amend bye laws, notify brokers, publish the procedure, and report implementation within the prescribed timeframe.
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