Physical verification of gold: trustees must report auditor confirmation and asset allocation compliance in half yearly reports. Trustees must include in their half yearly report a statement confirming whether Gold ETF assets comply with the scheme asset allocation and whether the statutory auditor conducted physical verification of the underlying gold; this amends the trustee reporting annexure to add those two discrete reporting items and requires trustees and AMCs to capture and transmit the auditor's confirmation in periodic reports.
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Physical verification of gold: trustees must report auditor confirmation and asset allocation compliance in half yearly reports.
Trustees must include in their half yearly report a statement confirming whether Gold ETF assets comply with the scheme asset allocation and whether the statutory auditor conducted physical verification of the underlying gold; this amends the trustee reporting annexure to add those two discrete reporting items and requires trustees and AMCs to capture and transmit the auditor's confirmation in periodic reports.
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