The London Bullion Market Association has announced revisions to its Good Delivery Rules and procedures, effective 1 January 2026, following work carried out this year on the GDL application process. The changes aim to strengthen process integrity, with a broader consultation planned for 2027.
Key updates include a ban on non-Roman, including Cyrillic, lettering in serial numbers and fineness marks, tighter timelines for Proactive Monitoring (PAM) with limited extensions, and a new requirement that all stamps and markings be placed at least 10 mm from the edge of a bar. The rules also formalise periodic compliance and Responsible Sourcing reviews when requested.
No changes have been made regarding the use of QR codes on London Good Delivery bars, and refiners may continue using their own moulds for PAM purposes.
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