Company: FGDL
Filing Date: 2025-08-26
Form Type: POS AM
Source: 0001137439-25-001038
Chunk: 34

Company: Franklin Templeton Holdings Trust
Filing Date: 2025-08-26
Form: POS AM
Chunk 34
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 the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict- Affected and High-Risk Areas (2010) and the requirements detailed in the OECD Gold Supplement (2012) (together, the “OECD Due Diligence Guidance”). The Gold Guidance includes measures to address environmental and sustainability considerations (for example, management of harmful chemicals or pollutants associated with the gold mining process), avoid materials from conflict-afflicted areas, and combat money laundering, financing of terrorism, and human rights abuses, including child labor, as discussed further below. Since January 1, 2012, each LBMA Good Delivery refinery has been required to undergo a comprehensive audit, at least annually, in order to confirm compliance with the LBMA’s minimum requirements related to the responsible sourcing of gold as set forth in the Gold Guidance and to publicly report results (audits are made available on the LBMA website). The audits, among other aspects, focus on the refiner’s management systems and controls, and whether they are robust and appropriate to address the refiner’s risk profile with respect to priority focus areas as identified above. All refiners producing LBMA Good Delivery gold bars must comply with the Gold Guidance and associated support documentation in order to remain on the LBMA Good Delivery List. Any refiner applying to be an LBMA Good Delivery accredited gold refiner is required to implement the Gold Guidance and pass an audit covering a 12 month period completed by an auditor on the LBMA's approved service provider list prior to becoming a member of the Good Delivery List. Audit Standards and Enforcement Processes All LBMA approved Good Delivery refiners and new applicants are required to engage an independent third-party auditor from the LBMA’s Approved Auditors List to conduct annual responsible sourcing audits. To become accredited, auditors must submit an application form providing details of their 19 relevant experience, skills and quality control and governance processes. To remain in good standing with the LBMA, auditors are required to satisfy the requirements detailed in LBMA’s Responsible Sourcing: Third Party Audit Guidance (the “Audit Guidance”). The ongoing review and enforcement of approved auditor requirements are important mechanisms for assuring compliance with the Responsible Sourcing Programme and the Gold Guidance. The LBMA undertakes an annual review of each auditor to confirm the auditor remains independent, and has appropriate institutional capacity to support responsible sourcing audits and robust quality assurance procedures in place. Pursuant to the Audit Guidance, approved auditors are required to demonstrate complete financial and other independence from the Good Delivery refiner. In particular