✨ Banking Group Disclosure Requirements
1048
NEW ZEALAND GAZETTE, No. 40
27 FEBRUARY 2008
(2)
Information disclosed under clauses 3 to 6 relating to entities
on whose behalf the banking group markets or distributes
insurance products is required only in respect of affiliated
insurance entities or affiliated insurance groups.
2
Banking group’s involvement in securitisation, funds
management, other fiduciary activities, and marketing and
distribution of insurance products
A statement of the nature of the banking group’s involvement
in—
(a) the establishment, marketing, or sponsorship of trust,
custodial, funds management, and other fiduciary
activities; and
(b) the origination of securitised assets, and the marketing
or servicing of securitisation schemes; and
(c) the marketing and distribution of insurance products.
3
(1) Aggregate funding provided to entities
The peak end-of-day aggregate amount of funding the banking
group has provided over the first quarter accounting period or
the most recent quarter of the third quarter accounting period
(as applicable) to entities that conduct the activities specified in
clause 2 or on whose behalf the banking group conducts the
activities specified in clause 2(c).
(2) The peak end-of-day aggregate amount of funding—
(a) includes funding provided by the purchase of securities
issued by entities involved in activities specified in
clause 2 or on whose behalf the banking group conducts
the activities specified in clause 2(c); and
(b) must be expressed as an amount and as a percentage of
tier one capital.
(3) The information that is required to be disclosed under this
clause must include comparative figures for the previous
corresponding period.
4
(1) Method for deriving peak end-of-day aggregate amount of
funding in clause 3
For the purposes of clause 3, the peak end-of-day aggregate
amount of funding over the first quarter accounting period or
the most recent quarter of the third quarter accounting period
(as applicable) is derived by—
(a) determining the maximum end-of-day aggregate amount
of funding over the quarter; and
(b) then dividing that amount by—
(i) the banking group’s tier one capital as at the end
of the quarter; or
(ii) the banking group’s tier one capital as at the date
the maximum end-of-day aggregate amount of
funding occurred.
(2) A statement of the method used to derive peak ratio
information.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2008, No 40
Gazette.govt.nz —
NZ Gazette 2008, No 40
✨ LLM interpretation of page content
💰
Schedule 7: Securitisation, Funds Management, and Insurance Products
(continued from previous page)
💰 Finance & RevenueSecuritisation, Funds management, Fiduciary activities, Insurance products, Aggregate funding, Peak end-of-day funding