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    <description>Recognition, commencement of business, net worth, ownership and governance requirements applicable to depositories under the IFSCA (Market Infrastructure Institutions) Regulations, 2021 apply, mutatis mutandis, to bullion depositories. Those established depository standards are thereby adapted to regulate bullion depositories&#039; recognition, operational commencement, financial strength, ownership structure and governance arrangements within the bullion market framework.</description>
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