New Zealand Gazette – 2008 – No. 40

Page 1119

✨ Bank Disclosure Requirements

27 FEBRUARY 2008

NEW ZEALAND GAZETTE, No. 40

(b) the nature and amount of each class of the registered bank’s liabilities that are so affected:

(c) if the registered bank is required by any statute to hold in New Zealand an excess of assets over deposit liabilities, the title of the statute and 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:

(d) if the overseas bank is subject to any regulatory or legislative requirement in the overseas bank’s country of incorporation to maintain sufficient assets in that country to cover an ongoing obligation to pay deposit liabilities in that country—
(i) the title of the legislation or regulations that impose the requirement; and
(ii) a description of the requirement; and
(iii) a statement that the requirement has the potential to impact on the management of the liquidity of the New Zealand operations of the overseas bank.

10 Non-consolidated activities

(1) A statement whether the overseas bank carries on in New Zealand any insurance business that is outside the banking group.

(2) If subclause (1) applies, the following information:
(a) the total assets, total equity, and total profits before and after tax of the insurance business on a consolidated basis, and if the insurance business is carried on by an overseas incorporated company, separately in respect of the overseas company’s group and that group’s New Zealand business:
(b) a statement that—
(i) the most recent publicly available financial statements and group financial statements for the insurance business are contained in the registered bank’s supplemental disclosure statement or general short form disclosure statement (state which); and
(ii) copies of the registered bank’s supplemental disclosure statement or general short form disclosure statement (or that part of which, as applicable) will be provided at no charge to any person requesting a copy in the manner described in clause 12.

(3) A statement whether the overseas bank carries on in New Zealand any non-financial activities that are outside the banking group.

(4) If subclause (3) applies, the following information:
(a) the total assets, total equity, and total profits before and after tax of the non-financial activities on a consolidated basis, and if the non-financial activities are carried on by an overseas incorporated company, separately in

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