# Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012 (Text with EEA relevance), Division 12: Gold listed on a recognised exchange, held on an allocated basis.

Extent: E+W+S+N.I.

All items with the exception of those referred to in points 1, 2 and 9 must satisfy all of the following conditions:
(a) they are traded in simple repurchase agreements or cash markets characterised by a low level of concentration;
(b) they have a proven record as a reliable source of liquidity by either repurchase agreement or sale even during stressed market conditions;
(c) they are unencumbered.

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Source: https://www.legislation.gov.uk/eur/2013/575/annex/III/division/12 (the official version)
Page: https://openlegislation.uk/eu-regulation-2013-575/annex-III/division-12
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.