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    <title>Appointment of Chief Legal Officer</title>
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    <description>Appointment of a Chief Legal Officer is mandatory for bullion exchanges and bullion clearing corporations that are not subsidiaries or joint ventures of market infrastructure institutions. Subsidiaries and joint ventures may rely on parental legal assistance, but must appoint a Chief Legal Officer if that assistance is unavailable. The Authority may require appointment based on operational size and scale. The Chief Legal Officer mitigates legal risk by vetting bye-laws, amendments, cross-border legal documents, and undertaking functions assigned by the governing board or the Authority.</description>
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