Custodial services for gold now regulated, registration may be restricted and prior board approval required. The amendment expressly includes gold and gold related instruments within the definition of custodial services for mutual funds, listing safekeeping, account maintenance, collection of benefits or rights, client communication about issuer actions, and record maintenance and reconciliation. Applicants must possess requisite approvals under applicable law to provide custodial services for mutual fund gold instruments. The Board may restrict a registration certificate to either securities or gold custody, and existing custodians may provide custody of mutual fund gold instruments only after obtaining prior Board approval.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Custodial services for gold now regulated, registration may be restricted and prior board approval required.
The amendment expressly includes gold and gold related instruments within the definition of custodial services for mutual funds, listing safekeeping, account maintenance, collection of benefits or rights, client communication about issuer actions, and record maintenance and reconciliation. Applicants must possess requisite approvals under applicable law to provide custodial services for mutual fund gold instruments. The Board may restrict a registration certificate to either securities or gold custody, and existing custodians may provide custody of mutual fund gold instruments only after obtaining prior Board approval.
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