About Us
Terms of Reference for the LBMA Referees
Its general purpose is to assist in maintaining the Good Delivery System in a number of areas, such as:
- The technical assessment of applicants for listing;
- The proactive monitoring of refiners on the List; and
- The provision of technical advice on a range of topics.
Its general activities are to:
- Manufacture and maintain a stock of gold and silver reference samples that can be used for testing a laboratory’s assaying ability;
- Operate an assaying laboratory equipped and staffed to allow accurate and precise assaying and chemical analysis of high-grade gold and silver alloys;
- Have the melting and casting facilities to allow the testing of Good Delivery bars according to the criteria established by the LBMA;
- Develop the programme for the Assaying & Refining Conference;
- Support the reference material projects (though this has its own Steering Committee); and
- Support/develop the Proficiency Testing Scheme.
Reporting line: | Physical Committee. |
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Delegated authorities: | Advises the LBMA Physical Committee when required. |
Chair: | Chair proposed by Committee and endorsed by LBMA Executive Committee. |
Term of Chair/Vice Chair: | Three years where by there must then be an election. Members are permitted to serve two terms. |
Membership: | At the discretion of the LBMA. |
Observers: | N/A. |
Quorum for meeting: | A majority of the Referees. |
Decision making rules: | Consensus across the Referees. |
Minimum frequency of meetings: | Three times a year. |
Location: | LBMA offices. |