LBMA's Global Precious Metals Code 2022

London Bullion Market Association (LBMA) has set out the best practices and code of business conduct expected from market participants engaged in the global Over-The-Counter (OTC) wholesale trade of precious metals. This LBMA’s Global Precious Metals Code, 2022 talks about –

• Ethics and professional standards,
• Compliance, governance, and risk management systems,
• Accurate exchange of information and maintaining confidentiality,
• Pre- and post-trade business conducts.

The Dealers in Precious Metals in UAE, engaged in the wholesale trade of gold, silver, and palladium, are expected to abide by this Global Precious Metals Code to ensure transparency and integrity of the precious metals market.