✨ Banking Disclosure Requirements
552 NEW ZEALAND GAZETTE, No. 21 28 FEBRUARY 2011
3 Changes to the requirement to hold excess assets over deposit liabilities
If, since the balance date for the most recent full year disclosure statement, there have been any material changes in any statute that requires the registered bank to hold in New Zealand an excess of assets over deposit liabilities, a description of those changes.
4 Changes to the requirement to maintain sufficient assets to cover ongoing obligation to pay deposit liabilities
If, since the balance date for the most recent full year disclosure statement, there have been any material changes in any regulatory or legislative requirement in the registered bank’s country of domicile that require the registered bank to maintain sufficient assets in that country to cover an ongoing obligation to pay deposit liabilities in that country, a description of those changes.
5 Guarantees
(1) A statement on whether or not any material obligations of the registered bank are guaranteed as at the date its directors and New Zealand chief executive officer sign its disclosure statement.
(2) If any material obligations of the registered bank are guaranteed under a guarantee that is not a government guarantee, for each such guarantee the matters set out in clause 6.
(3) If the registered bank has a government guarantee, for each such guarantee the matters set out in clause 7.
(4) If any material obligations of the registered bank are guaranteed under a cross guaranteeing arrangement, the matters required by clause 8.
(5) Subclause (2) does not apply if subclause (4) applies.
6 Summary information on guarantor and guaranteed obligations
(1) The name and address for service of the guarantor.
(2) A statement on whether or not the guarantor is a member of the registered bank’s banking group or its overseas banking group.
(3) A statement on whether or not 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 such rating—
(a) the name of the person who gave the credit rating; and
(b) the current rating and all qualifications to that rating.
(4) A summary description of the obligations that are guaranteed.
(5) If the 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.
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NZ Gazette 2011, No 21
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Banking Disclosure Statement Requirements
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💰 Finance & RevenueBanking, Disclosure, Financial Statements, Directors, CEO, Auditor, Index, Schedule, Half Year, Off Quarter, Excess Assets, Deposit Liabilities, Guarantees, Guarantor, Credit Ratings