✨ Financial Disclosure Requirements
28 FEBRUARY 2011 NEW ZEALAND GAZETTE, No. 21 579
(iii) any changes to the rating in the 2 years immediately before the balance date and the date on which any such change occurred; and
(iv) descriptions or explanations of all the steps in the applicable rating scales.
(3) For the purpose of this subclause (2), credit enhancement, affiliated insurance group, and funding must be interpreted in accordance with the Capital Adequacy Framework (Standardised Approach) (BS2A).
(4) The information that is required to be disclosed under subclause (1) must include comparative figures for the previous corresponding period.
5 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 registered bank’s banking group’s involvement in—
(a) the establishment, marketing, or sponsorship of trust, custodial, funds management, and other fiduciary activities;
(b) the origination of securitised assets, and the marketing or servicing of securitisation schemes; and
(c) the marketing and distribution of insurance products.
6 Arrangements to ensure no adverse impacts arising from activities specified in clause 5
A statement as to whether arrangements have been put in place to ensure that difficulties arising from the activities specified in clause 5 would not impact adversely on the registered bank’s banking group, and if so, the nature of those arrangements.
7 Amounts represented by activities specified in clause 5(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 registered bank’s banking group;
(b) funds under management by any member of the registered bank’s banking group;
(c) funds under custodial arrangements by any member of the registered bank’s banking group (to the extent practicable);
(d) other funds held or managed subject to fiduciary responsibilities by any member of the registered bank’s banking group; and
(e) outstanding securitised assets originated by any member of the registered bank’s banking group.
(2) The information that is required to be disclosed under subclause (1) must include comparative figures for the previous corresponding period.
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NZ Gazette 2011, No 21
✨ LLM interpretation of page content
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Schedule 11: Full year insurance and financial activities
(continued from previous page)
💰 Finance & RevenueInsurance, Financial Activities, Disclosure Requirements, Banking Group