Bullion vaulting definitions expand the regulatory framework for electronic receipts, exchange-traded funds, derivatives, and custodial services. Definitions establish the bullion-vaulting framework for Electronic Bullion Receipts, bullion exchange-traded funds, bullion derivatives and other ... Summary
Bullion vaulting definitions expand the regulatory framework for electronic receipts, exchange-traded funds, derivatives, and custodial services.
Definitions establish the bullion-vaulting framework for Electronic Bullion Receipts, bullion exchange-traded funds, bullion derivatives and other permitted bullion-related instruments. They identify beneficial ownership through depository, mutual-fund-scheme or clearing-corporation records, prescribe the applicable meaning of change in control, and define depositors, recognized vaults, Vault Managers and vaulting systems. Vaulting services cover safekeeping, bullion testing, depository coordination for Electronic Bullion Receipts, and deposit, storage and withdrawal services. Amendments broaden the earlier gold-specific framework to bullion-related instruments.
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