Responsible Sourcing Guidance
This framework is mandatory for all Good Delivery listed refiners wishing to sell into the London Bullion Market. This is intended to assure investors and consumers that all London precious metal stocks are conflict-free due to compliance with an audited, conflict-free process.
The Responsible Gold Guidance (RGG) is based on the OECD Due Diligence Guidance as well as Swiss and US KYC, Anti-Money Laundering and Combatting Terrorist Financing regulations. Since January 2012, gold Good Delivery refiners have undergone annual audits against the LBMA’s Gold Guidance.
The Responsible Silver Guidance (RSG), implemented on 1 January 2018, is aligned with the existing LBMA Responsible Gold Guidance facilitating the concept of multi-metal audits.
Guidance for Platinum and Palladium
The Responsible Platinum and Palladium Guidance (RPPG) has been introduced and is aligned with the existing LBMA Responsible Sourcing Guidance documents. Platinum and Palladium refiners will be required to comply with this new guidance from 2019 onwards.
Third-Party Audit Guidance for Gold and Silver
LBMA has prepared the Third Party Audit Guidance for Gold and the Third Party Audit Guidance for Silver to facilitate transparency and to ensure consistent implementation of the Responsible Gold and Silver Guidance. The Third Party Guidance for Silver also describes the requirements for refiners undergoing a multi-metal audit.