✨ Banking Disclosure Requirements
1080 NEW ZEALAND GAZETTE, No. 40 27 FEBRUARY 2008
(i) has been entered into on terms other than those
that would, in the ordinary course of business of
the registered bank or any member of the
banking group, be given to any other person of
like circumstances or means; or
(ii) could otherwise be reasonably likely to
influence materially the exercise of the
director’s or New Zealand chief executive
officer’s duties; and
(b) whether the director is an executive director; and
(c) whether the director is an independent director; and
(d) the names of all companies, other than those that are
members of the banking group of which the director or
the New Zealand chief executive officer holds office as
a director.
(5) A statement whether there is a board audit committee, and if so,
the total number of persons who comprise the audit committee,
and of these, the number who are—
(a) directors (other than independent directors); and
(b) independent directors.
(6) The policy of the board of directors for avoiding or dealing
with conflicts of interest which may arise from the personal,
professional, or business interests of the directors or any of
them.
13 Auditors
The name and address of any auditor whose report is referred to
in the disclosure statement.
14 Conditions of registration
(1) A copy of the conditions of registration that applied at the date
on which the signing of the disclosure statement is completed.
(2) If applicable, a description of any changes to the conditions of
registration that have occurred since the signing of the previous
disclosure statement is completed, including the dates on which
the changes occurred.
(3) A statement of the date on which the conditions of registration
came into effect.
(4) If the registered bank has not complied with all conditions of
registration over the accounting period or interim accounting
period (as applicable), a description of the nature and extent of
each case of non-compliance.
15 Pending proceedings or arbitration
A description of any pending legal proceedings or arbitration
concerning any member of the banking group or, if publicly
available, the overseas banking group, whether in New Zealand
or elsewhere, that may have a material adverse effect on the
registered bank or the banking group.
16 Credit rating
If the registered bank is required, by a notice given to it under
section 80 of the Act, to obtain or maintain a rating of its
creditworthiness or financial condition by a person nominated
Next Page →
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
💰
Banking Disclosure Requirements
(continued from previous page)
💰 Finance & RevenueDisclosure Statement, Banking, Directors, Audit Committee, Conditions of Registration