✨ Banking Disclosure Requirements
27 FEBRUARY 2008
NEW ZEALAND GAZETTE, No. 40
951
(c) a summary of any regulations, legislation, or other
restrictions of a legally enforceable nature that may
materially inhibit the legal ability of the bodies
corporate referred to in paragraphs (a) and (b) to
provide material financial support to the registered
bank.
3
Interests in 5% or more of voting securities of registered
bank
To the extent that it is reasonably practicable for the registered
bank to obtain the following information:
(a) the name of each person who has a direct or indirect
qualifying interest in 5% or more of the voting
securities of the registered bank, and the percentage of
the interest that each of those persons holds; and
(b) the nature of each interest identified in paragraph (a) if
the person holding it is not a registered and beneficial
holder of the securities; and
(c) the name of each person who has the ability to directly
or indirectly appoint 25% or more of the board of
directors (or other persons exercising powers of
management, however described), and the percentage of
the directors that each of those persons has the ability to
appoint.
4
Guarantees
(1) A statement whether any material obligations of the registered
bank are guaranteed.
(2) If a person guarantees any material obligations of the registered
bank and clause 8 does not apply, the matters set out in clauses
5 to 7.
5
Details of guarantor
(1) The name and address for service of the guarantor.
(2) A statement whether the guarantor is a member of the banking
group.
(3) Either—
(a) 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
(b) if the guarantor is a bank, the most recent publicly
disclosed capital of the guarantor and the guarantor’s
group expressed as an amount and as a percentage of
risk weighted exposures, and the date to which that
measure of capital relates.
(4) A statement whether the guarantor has any credit ratings
applicable to its long term senior unsecured obligations payable
in the currency of the country of its incorporation, and if so, in
respect to each rating—
(a) the name of the person who gave the credit rating; and
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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
💰
Registered Bank Disclosure Statement Order 2008
(continued from previous page)
💰 Finance & RevenueBanking, Disclosure Statements, Financial Information, Corporate Data, Credit Ratings, Profitability, Capital Adequacy, Asset Quality, Credit Exposure, Voting Securities, Guarantees