✨ Financial Regulation Schedule
27 FEBRUARY 2008 NEW ZEALAND GAZETTE, No. 40 989
1
Insurance products
(1) In this schedule, insurance products relate to insurance contracts which constitute insurance business.
(2) Information disclosed under clauses 5 to 10 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
Arrangements to ensure no adverse impacts arising from the activities specified in clause 2
A statement as to whether arrangements have been put in place to ensure that difficulties arising from the activities specified in clause 2 would not impact adversely on the banking group, and if so, the nature of those arrangements.
4
Amounts represented by activities specified in clause 2(a) and (b)
(1) A statement of the amount as at the balance date of—
(a) funds held in trust by any member of the banking group; and
(b) funds under management by any member of the banking group; and
(c) funds under custodial arrangements by any member of the banking group (to the extent practicable); and
(d) other funds held or managed subject to fiduciary responsibilities by any member of the banking group; and
(e) outstanding securitised assets originated by any member of the banking group.
(2) The information that is required to be disclosed under this clause must include comparative figures for the previous corresponding period.
5
Financial services provided to entities conducting activities specified in clause 2
A statement as to whether (over the accounting period or interim accounting period (as applicable)) financial services provided by any member of the banking group to entities that conduct the activities specified in clause 2(a) or (b) or on
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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 8: Securitisation, funds management, other fiduciary activities, and marketing and distribution of insurance products
(continued from previous page)
💰 Finance & RevenueSecuritisation, Funds management, Fiduciary activities, Insurance products, Banking group