✨ Banking Disclosure Requirements
2156 NEW ZEALAND GAZETTE, No. 87 24 JUNE 2011
with the notice given under section 80 of the Act, the following information:
(a) the name of the person who gave the rating;
(b) the type of rating; and
(c) the current rating and all qualifications to that rating.
11 Other material matters
Details of any matters relating to the business or affairs of the registered bank and its banking group that—
(a) are not contained elsewhere in the disclosure statement; and
(b) would, if disclosed, materially affect the decision of a person to subscribe for debt securities of which the registered bank or any member of the registered bank’s banking group is the issuer.
12 Directors’ statements
(1) A statement by the directors as to whether or not each director believes, after due enquiry, that, as at the date on which the disclosure statement is signed,—
(a) the disclosure statement contains all the information that is required by this Order; and
(b) the disclosure statement is not false or misleading.
(2) A statement by the directors as to whether or not each director believes, after due enquiry, that, over the half year accounting period or the off quarter accounting period as applicable,—
(a) the registered bank has complied with all conditions of registration that applied during that period;
(b) credit exposures to connected persons (if any) were not contrary to the interests of the registered bank’s banking group; and
(c) the registered bank had systems in place to monitor and control adequately the material risks of the registered bank’s banking group including credit risk, concentration of credit risk, interest rate risk, currency risk, equity risk, liquidity risk, operational risk and other business risks, and that those systems were being properly applied.
13 Auditor’s report or review statement
(1) In respect of a half year disclosure statement, a copy of the auditor’s report or review statement referred to in clause 20(2) of Part 2.
(2) In respect of an off quarter disclosure statement, if the disclosure statement has been audited or reviewed by an external auditor, the following:
(a) a statement of the nature and scope of the audit or review; and
(b) a copy of the auditor’s report or review statement.
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NZ Gazette 2011, No 87
✨ LLM interpretation of page content
💰
Credit Rating Disclosure Requirements
(continued from previous page)
💰 Finance & RevenueCredit Rating, Disclosure, Financial Condition, Banking
💰 Other Material Matters Disclosure
💰 Finance & RevenueDisclosure, Material Matters, Banking, Financial Affairs
💰 Directors' Statements
💰 Finance & RevenueDirectors' Statements, Disclosure, Compliance, Banking
💰 Auditor's Report or Review Statement
💰 Finance & RevenueAuditor's Report, Review Statement, Financial Audit, Banking