1 unchanged sentence
“Risk Factors” in our Annual Report on Form 10-K
−Removed: for the year ended September 30, 2021, which could materially affect our business, financial
−Removed: condition or future results.
−Removed: There have been no material changes in our risk factors from those disclosed in our 2021 Annual Report on
+Added: for the year ended September 30, 2021, which could materially affect our business, financial condition or future results.
+Added: There have been no material changes in our risk factors from those disclosed in our 2021 Annual Report on Form 10-K,
except for the following:
2 unchanged sentences
In late February 2022, Russia launched an invasion of Ukraine, significantly amplifying already existing geopolitical tensions among Russia and other countries in the region and in the west.
+Added: On March 7, 2022, the LBMA suspended its accreditation of six Russian precious metals refiners.
+Added: The LBMA stated that existing bars produced by the refiners before their suspension will still be accepted as good delivery.
+Added: Following an announcement at the G7 Summit to collectively ban the import of Russian gold, the UK passed regulations which prohibit the direct or indirect (i) import of gold that originated in Russia, (ii) acquisition of gold that originated in Russia or is located in Russia and (iii) supply or delivery of gold that originated in Russia, all after July 21, 2022.
+Added: Similarly, US regulations prohibit the import of gold of Russian origin into the United States on or after June 28, 2022 and EU regulations prohibit the direct or indirect import, purchase or transfer of gold if it originates in Russia and has been exported from Russia after July 22, 2022.
The responses of countries and political bodies to Russia’s actions, the larger overarching tensions, and Ukraine’s military response and the potential for wider conflict may increase financial market volatility generally, have adverse effects on regional and global economic markets, and cause volatility in the price of gold and the price of the Shares.
−Removed: The conflict in Ukraine, along with global political fallout and implications including sanctions, shipping disruptions, collateral war damage, and a potential expansion of the conflict beyond Ukraine’s borders, could disturb the gold market.
−Removed: On March 6, 2022, the LBMA suspended its accreditation of six Russian precious metals refiners, hence suspending their access to the world’s largest gold market.
−Removed: The risks described in our Annual Report on Form
+Added: In addition, the conflict in Ukraine, along with global political fallout and implications including sanctions, shipping disruptions, collateral war damage, and a potential expansion of the conflict beyond Ukraine’s borders, could disturb the gold market.
+Added: The risks described in our Annual Report on Form 10-K
are not the only risks facing the Trust.
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.