They must include the reported calendar year information; provide explanations for all steps in the declaration of compliance with each step of the 5-step approach.
And explicitly state that the reporting entities are compliant or fully compliant.
Reports need management declaration re compliance with the TUR EXCResponsible Supply Chain Compliance Directive, and a general yes/no result re 5-step approach.
Independent Assurance Reports
Obligation to submit the Country-of-Origin List, which specifies the country of origin, quantity and type of precious metal in three groups: ore, non-standard, refined held for each type of precious metal, except for those purchased from the stock exchange, and for ore, non-standard unprocessed precious metals and refined precious metals.
Submission of the board of directors' decision regarding the acceptance of the report.
Or, in case the precious metals brokerage firm is a bank, the declaration that the Independent Assurance Report has been submitted to the board of directors.
They must include reporting of control of weaknesses, significant control deficiencies, non-compliance with the zero-tolerance policy and establishing necessary actions.
Effectiveness
Those issues must be considered for the reports to be submitted by end of Jun. 2025 and for the reports to be prepared for future periods.
