Since January 2012, the LBMA requires that all LBMA Good Delivery Gold Refiners comply with the LBMA Responsible Gold Guidance. Please click here for the current version (v.5) of the Guidance.
Click here to view the current brochure which provides further information about the LBMA.
Third-Party Audit Guidance Finalised
The LBMA has finalised its Third-Party Audit Guidance. This document to add further transparency and consistency to the implementation of the Responsible Gold Guidance. Our thanks to all stakeholders which took part in the public consultation process.
Recommended Service Providers
To view a list of recommended service providers click here. This list will be updated regularly. To submit an application to be included on this list, please complete the application form and submit to the LBMA.
31 Jan 2012 – Deadline for LBMA GD Gold Refiners to indicate they accept and will implement the guidance. July 2012 - OECD Gold Supplement was adopted. 18 Jan 2013 - LBMA Third-Party Audit Guidance* issued. Q1 2013 – Refiners whose financial year runs January to December should arrange for their audit to take place during this period. However, a final Audit Report is not due until 31st December, 2013**.
*This document gives auditors guidance as to how to audit using the LBMA Guidance to ensure consistency and to add transparency to the process.
**For some Refiners this may be 30 April, 2014, as an LBMA Audit Report will be due no later than one year after the closing of the refiner’s financial books.
LBMA Responsible Gold Webinars
The most recent LBMA webinar for GD refiners was held on 27th February. This included a presentation entitled Responsible Gold, Audit Guidance & Next Steps. To view more information about the webinar please click here.
The LBMA hosted a regulatory webinar for GD refiners on 11th September. This included a presentation entitled Responsible Gold Programme Update & Audit Guidance Documents by Ruth Crowell, Deputy Chief Executive, LBMA. To view more information about the webinar please click here.
OECD Due Diligence for Responsible Supply Chains – Gold Supplement
The LBMA supports the work of the OECD in the area of supply chain due diligence and has been actively involved in drafting the Gold Supplement section of the OECD Guidance. A number of members, both banks and refiners have contributed to this work and Ruth Crowell, the LBMA’s Commercial Director, is the co-facilitator of the OECD Gold Guidance Drafting Committee and the LBMA’s main contact for Responsible Gold.