✨ Banking Regulation Details
4 NOVEMBER 2011 NEW ZEALAND GAZETTE, No. 169 4735
8 Details of obligations guaranteed by government guarantors
(1) A description of the obligations guaranteed by the government guarantor.
(2) A statement on whether or not there are any limits on the amount of the obligations guaranteed and, if so, a brief summary of the nature of those limits.
(3) A statement on whether or not there are any material conditions applicable to the guarantee other than non-performance by the principal obligor and, if so, a brief summary of those conditions.
(4) If the government guarantee has an expiry date,—
(a) a statement of the date the guarantee expires; and
(b) if the registered bank has an option to roll over or renew the guarantee, a statement explaining that option.9 Material cross guarantees
(1) If a person has entered into a material cross guaranteeing arrangement with the registered bank, the matters set out in subclauses (2) and (3).
(2) A description of the guaranteeing group and the nature of the cross guaranteeing arrangement.
(3) The matters required to be disclosed under subclauses (2) to (6) of clause 6 as if those provisions applied to the guarantees of the obligations of the registered bank, as well as to the guarantees the registered bank has given in respect of the first-mentioned person’s obligations.
10 Directors
(1) An address to which communications to the directors and responsible persons (if any), may be sent.
(2) The name, occupation(s) (separately identifying which is the primary occupation), technical or professional qualifications, and country of residence of each director and responsible person.
(3) If applicable, the name of each director on whose behalf each responsible person has signed the disclosure statement.
(4) In relation to each director,—
(a) the nature and amount of any transaction which the director or any immediate relative or close business associate of the director has with the registered bank or any member of the registered bank’s banking group that either—
(i) has been entered into on terms other than those which would, in the ordinary course of business of the registered bank or any member of the registered bank’s 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 that director’s duties;
(b) whether or not the director is an executive director;
(c) whether or not the director is an independent director; andNext Page →
NZ Gazette 2011, No 169
✨ LLM interpretation of page content
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Registered Bank Disclosure Statements Order (No 4) 2011
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💰 Finance & RevenueBanking regulation, Disclosure statements, Government guarantees, Cross guarantees, Directors, Financial reporting, Obligations, Material conditions