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The London Bullion Market Association said it set up a group to review procedures for admitting new companies to its membership list and the so-called Good Delivery list.
An update on the working party will be given at the association’s annual general meeting in June, according to a speech by Chairman David Gornall at an LBMA dinner in London today.
To contact the reporter on this story: Nicholas Larkin in London at nlarkin1@bloomberg.net
To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net