3102 NEW ZEALAND GAZETTE No. 126

(7) The Key Information Summary shall contain an auditor’s report, set out after the information disclosed in accordance with subclause 5(6) and any information disclosed in accordance with subclause 5(4), which shall state:

(a) that the Key Information Summary has been examined by the auditor;

(b) whether the Key Information Summary has been completed in accordance with this Order and whether the information contained in it has been properly taken, where applicable, from the information contained in the General Disclosure Statement; and

(c) the nature of the audit examination conducted in respect of information drawn from the General Disclosure Statement, and whether a qualified or unqualified opinion has been given in respect of that information.

Part III

General Disclosures to be Contained in General Disclosure Statement

6. General Matters—(1) In respect of the Registered Bank, the General Disclosure Statement shall state its name and Address for Service.

(2) In respect of the Overseas Bank, the General Disclosure Statement shall state:

(a) its name and the address of its principal office, or place of business, outside New Zealand;

(b) the statute or other authority under or pursuant to which it was incorporated or established; and

(c) the date of its incorporation or establishment.

(3) Where applicable, the General Disclosure Statement shall state:

(a) the name and Address for Service of the Ultimate Parent Bank of the Overseas Bank;

(b) the name and Address for Service of the Holding Company of the Overseas Bank; and

(c) a summary of any regulations, legislation or other restrictions of a legally enforceable nature which may Materially inhibit the legal ability of the bodies corporate referred to in paragraphs (a) and (b) of this subclause, to provide Material financial support to the Registered Bank.

(4) The General Disclosure Statement shall state whether there are any Material legislative or regulatory restrictions in the Overseas Bank’s country of incorporation which subordinate the claims of any class of unsecured creditors of the Registered Bank to those of any other class of unsecured creditors of the Overseas Bank in a winding up of that Overseas Bank. If so, the General Disclosure Statement shall also state:

(a) the legislation or regulations involved and the nature of the impairment of the rights of creditors of the Registered Bank which they create; and

(b) the nature and amount of each Class of the Registered Bank’s liabilities which are so affected.

(5) Where the Registered Bank is required by any statute to hold in New Zealand an excess of assets over deposit liabilities, the General Disclosure Statement shall state the name of the statute and contain a description of the requirement and a statement as to whether, since the commencement of the Accounting Period, the Registered Bank has at all times complied with that requirement.

7. Guarantee Arrangements—(1) The General Disclosure Statement shall state whether the Material obligations of the Overseas Bank are guaranteed.

(2) Where a person guarantees any Material obligations of the Overseas Bank, and subclause (3) of this clause does not apply, the General Disclosure Statement shall state:

(a) the name and Address for Service of the guarantor;

(b) whether the guarantor is a member of the Banking Group or Overseas Banking Group;

(c) the nature of the obligations which are guaranteed, including a description sufficient to identify them;

(d) whether there are any limits on the amount of the obligations guaranteed and, if so, a brief summary of the nature of those limits;

(e) whether there are any Material conditions applicable to the guarantee other than non-performance by the principal obligor and, if so, a brief summary of those conditions;

(f) whether there are any Material legislative or regulatory restrictions in the guarantor’s country of incorporation which would have the effect of subordinating the claims under the guarantee of any of the creditors of the Overseas Bank on the assets of the guarantor, to other claims on the guarantor, in a winding up of that guarantor. If so, the General Disclosure Statement shall also state:

(i) the legislation or regulations involved and the nature of the impairment of the rights of the creditors which they create;

(ii) the amount of the liabilities which are so affected;

(g) (i) the amount of the net tangible assets of the guarantor as shown in the most recent publicly available audited financial statements, together with any qualifications in the auditor’s report on those financial statements that reflect on the statement of those assets in the financial statements; or

(ii) where the guarantor is a Bank, the most recent publicly disclosed Capital of the guarantor and the guarantor group, expressed as an amount and as a percentage of risk weighted exposures, and the date to which that measure of Capital relates;

(h) the information required to be disclosed pursuant to clause 11 of this Order as though the reference to an Overseas Bank were a reference to the guarantor, the reference to New Zealand were a reference to the country of incorporation of the guarantor and the reference to New Zealand dollars were a reference to the currency of the country of incorporation of the guarantor; and

(i) (i) that a copy of the Registered Bank’s most recent Supplemental Disclosure Statement, which contains a copy of the full guarantee contract, will be provided immediately at no charge to any person requesting a copy where the request is made at the Registered Bank’s head office;

(ii) specifying the categories of places where a copy of the Registered Bank’s most recent Supplemental Disclosure Statement, which contains a copy of the full guarantee contract, will be provided at no charge to any person within 5 Working Days of a request for a copy having been made;

unless the content of the Supplemental Disclosure Statement is contained in the General Disclosure Statement.

(3) Where a person or persons have entered into any Material cross guaranteeing arrangements with the Overseas Bank, the General Disclosure Statement shall:

(a) describe the guaranteeing group and the nature of the cross-guaranteeing arrangements;

(b) state the information required to be disclosed pursuant to clauses 7 (2) (d) to (f) as if those clauses applied to the guarantees of the obligations of the