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(ii) with respect to the supplementary information prepared in accordance with clause 12 (2) of this Order, states:

(A) that the supplementary information has been examined by the auditor; and

(B) whether anything has come to the auditor’s attention which would cause the auditor to believe that the supplementary information does not present a true and fair view of the matters to which it relates.

16. Other Material Matters—The General Disclosure Statement shall state particulars of any matters relating to the business or affairs of the Registered Bank and the Banking Group which are not contained elsewhere in the General Disclosure Statement and which would, if disclosed, materially adversely affect the decision of a person to subscribe for Debt Securities of which the Registered Bank or any member of the Banking Group is the issuer.

17. The Directors’ Statement—The General Disclosure Statement shall contain a statement by the Directors as to whether, after due enquiry by them, as at the date of the Disclosure Statement, the Directors believe:

(a) the Disclosure Statement contains all the information that is required by this Order;

(b) the Registered Bank complies with the Conditions of Registration;

(c) Credit Exposures to Connected Persons (if any) are not contrary to the interests of the Banking Group;

(d) the Registered Bank has systems in place to monitor and control adequately the Banking Group’s Material risks, including Credit Risk, concentration of Credit Risk, Interest Rate Risk, Currency Risk, Equity Risk, liquidity risk and other business risks, and whether those systems are being properly applied; and

(e) the Disclosure Statement is not false or misleading as at the date on which the Disclosure Statement is signed.

Part V

Supplemental Disclosure Statement

18. General Matters—(1) Subject to subclause (2) of this clause, the Supplemental Disclosure Statement shall state only the information specified in clauses 19 and 20 of this Order.

(2) If a Supplemental Disclosure Statement would be false or misleading as a result of stating the information specified in subclause (1) of this clause, information and explanations that will make the Supplemental Disclosure Statement not false or misleading shall also be stated.

19. Guarantors—Where a General Disclosure Statement states that a person guarantees any Material obligations of any member of the Banking Group, the Supplemental Disclosure Statement shall contain a copy of the full guarantee contract and the most recent financial statements and group financial statements of the guarantor, together with a copy of the audit report (if any) relating to those statements, unless this information is already contained within the General Disclosure Statement.

20. Conditions of Registration—The Supplemental Disclosure Statement shall contain a copy of the Conditions of Registration which are applicable as at the date of the Disclosure Statement, unless this information is already contained within the General Disclosure Statement.

DIANE WILDERSPIN, Acting for Clerk of the Executive Council.

First Schedule

Supplementary Financial Disclosures, Risk Concentrations and Asset Quality

Supplementary Financial Disclosures

1. The General Disclosure Statement shall contain, in respect of the Registered Bank and the Banking Group, for the Accounting Period or the Interim Accounting Period, or as at the Balance Date, as the case may be, the information required to be disclosed pursuant to clauses 3 to 7 of this Schedule.

2. The information required to be disclosed pursuant to clauses 3 to 6 of this Schedule shall include comparative figures for the previous corresponding period.

3. Supplementary Information on the Statement of Financial Performance—(1) Interest revenue, separately disclosing interest revenue from:

(a) lending, other than on Impaired Assets;

(b) Impaired Assets, showing Material categories separately;

(c) Investment Securities;

(d) Other Securities;

(e) other sources, showing Material categories separately.

(2) Net gains or losses from trading activities, separately disclosing Material categories.

(3) Net gains or losses on the sale of Investment Securities.

(4) Other operating revenue showing separately:

(a) fee revenues, separately disclosing:

(i) lending and credit facility related fee revenue;

(ii) other fee revenue;

(b) dividends;

(c) other sources, showing Material categories separately.

(5) Interest expense, separately disclosing those expenses relating to the different classifications of funding presented in the statement of financial position.

(6) Impaired Asset expenses, separately disclosing:

(a) charges for Specific Provisions;

(b) amounts written off directly to the statement of financial performance;

(c) write-downs of Real Estate Assets Acquired Through the Enforcement of Security and Other Assets Acquired Through the Enforcement of Security;

(d) recoveries of provisions and write-offs charged in previous periods.

(7) Current period charge for General Provision.

4. Supplementary Information on the Statement of Financial Position Assets—(1) Material categories of recognised Financial Assets, net of Specific Provisions, in the broad order of their liquidity, including at least the following categories of Financial Assets:

(a) cash and demand balances with central banks;

(b) balances with other financial institutions which may be withdrawn without prior notice;

(c) Other Securities, separately showing securities which are eligible for refinancing by central banks and Other Securities held for liquidity and other purposes;

(d) Investment Securities;

(e) acceptances in respect of bills accepted but not held in a portfolio (if recognised);

(f) loans, advances and lease finance;