✨ Bank Disclosure Requirements
1124 NEW ZEALAND GAZETTE, No. 40 27 FEBRUARY 2008
charge to any person within 5 working days of a request for a
copy having been made.
(3) Subclauses (1) and (2) do not apply if the content of the
supplemental disclosure statement is contained in the general
short form disclosure statement.
12 Material cross guarantees
(1) If a person has entered into a material cross guaranteeing
arrangement with the overseas bank, the matters set out in
subclauses (2) to (4).
(2) A description of the guaranteeing group and the nature of the
cross guaranteeing arrangement.
(3) The matters required to be disclosed under clause 10(2) to (5)
as if those clauses applied to the guarantees of the obligations
of the overseas bank, as well as to the guarantees the overseas
bank has given in respect of the first mentioned person’s
obligations.
(4) If there is a single contract that sets out the rights and
obligations of all the cross guarantors, or if there is a standard
contract which is representative of the rights and obligations of
each of the cross guarantors, a statement—
(a) 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 if the request is made at the registered bank’s head
office; and
(b) 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.
(5) Subclause (4) does not apply if the content of the supplemental
disclosure statement is contained in the general short form
disclosure statement.
13 Conditions of registration
(1) A copy of the conditions of registration that applied at the date
on which the signing of the short form 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
of the registered bank came into effect.
(4) If the registered bank has not complied with all conditions of
registration over the first quarter accounting period or the third
quarter accounting period (as applicable), a description of the
nature and extent of each case of non-compliance.
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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
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Schedule of key information summary requirements for registered banks
(continued from previous page)
💰 Finance & RevenueBank Disclosure, Financial Statements, Overseas Bank, Banking Group, Supplemental Disclosure Statement, General Short Form Disclosure Statement, Auditor's Report, Financial Transparency, Compliance, Disclosure Requirements, Material Cross Guarantees, Conditions of Registration