✨ Financial Disclosure Requirements
24 JUNE 2011 NEW ZEALAND GAZETTE, No. 87 2147
the directors that each of those persons has the ability to appoint.
3 Priority of creditors’ claims
Information on the priority of the claims of each class of creditor over the registered bank’s assets in the event that the registered bank is liquidated or ceases to trade.
4 Guarantees
(1) A statement on whether or not any material obligations of the registered bank are guaranteed as at the date its directors 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 clauses 5 and 6.
(3) If the registered bank has a government guarantee, for each such guarantee the matters set out in clauses 7 and 8.
(4) If any material obligations of the registered bank are guaranteed under a cross guaranteeing arrangement, the matters required by clause 9.
(5) Subclause (2) does not apply if subclause (4) applies.
5 Details of guarantor
(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.
(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’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 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 rating—
(a) the name of the person who gave the credit rating;
(b) the current rating and all qualifications to that rating;
(c) each change made to the rating in the 2 years immediately before the balance date and the date on which that change occurred; and
(d) descriptions or explanations of all steps in the applicable rating scales.
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NZ Gazette 2011, No 87
✨ LLM interpretation of page content
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Audit Review Statement for Full Year Disclosure Statements
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💰 Finance & RevenueAudit Review, Financial Statements, Full Year Disclosure, Registered Banks, Disclosure Requirements