Vault manager registration requires financial capacity, secure infrastructure, competent staff, regulatory fitness, and protection of investor interests.

Vault manager registration requires satisfaction of applicable net worth and eligibility requirements, adequate infrastructure for safe bullion deposit, storage and withdrawal, required legal approvals, competent personnel, and a Standard Operating Procedure. Assessment also considers other business activities, prior refusal or cancellation of registration, involvement in regulatory or enforcement proceedings, fit-and-proper criteria, and whether registration serves investor interests. Applications cannot be considered unless prescribed eligibility conditions are met.

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