SECURITIES AND EXCHANGE BOARD OF INDIA (VAULT MANAGERS) REGULATIONS, 2021 — THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992

SECURITIES AND EXCHANGE BOARD OF INDIA (VAULT MANAGERS) REGULATIONS, 2021 CONTENTS CHAPTER I PRELIMINARY Short title and commencement Definitions CHAPTER II REGISTRATION OF VAULT MANAGERS Application for registration Eligibility criteria Furnishing of information, clarification and personal representation Consideration of application for grant of certificate of registration Procedure for grant of the certificate of registration Conditions of certificate of registration Period of validity of certificate Procedure where registration is refused Surrender of registration CHAPTER III DUTIES AND OBLIGATIONS OF THE VAULT MANAGERS General obligations Segregation of activities Maintenance of records Vault Manager to indemnify loss in certain cases Code of conduct 16A. Dispute Resolution Right of Board to inspect Notice before inspection Obligations of the Vault Managers on inspection Submission of report Action on inspection Appointment of auditor Expenses for audit CHAPTER IV ELECTRONIC GOLD RECEIPTS Deposit of gold into the vault(s) Creation of Electronic Gold Receipt Withdrawal of gold CHAPTER V INSPECTION AND AUDIT CHAPTER VI PROCEDURE FOR ACTION IN CASE OF DEFAULT Liability for action in case of default CHAPTERVII MISCELLANEOUS Power of the Board to issue clarifications and guidelines Amendment to the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 THE GAZETTE OF INDIA EXTRAORDINARY PART III-SECTION 4 PUBLISHED BY AUTHORITY SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the …..…., 2021 SECURITIES AND EXCHANGE BOARD OF INDIA (VAULT MANAGERS) REGULATIONS, 2021 S.O.__ (E).─ In exercise of the powers conferred by sub-section (1) of Section 30 read with clause (ba) of sub-section (2) of Section 11, sub-section (1A) of Section