✨ Insurance and Financial Services Disclosure
24 JUNE 2011 NEW ZEALAND GAZETTE, No. 87 2197
Schedule 15—Full year
Insurance business, securitisation, funds management, other fiduciary activities, and marketing and distribution of insurance products
Contents
| Page | ||
|---|---|---|
| 1 | Insurance products | 2197 |
| 2 | Insurance business | 2197 |
| 3 | Banking group’s involvement in securitisation, funds management, other fiduciary activities, and marketing and distribution of insurance products | 2198 |
| 4 | Arrangements to ensure no adverse impacts arising from the activities specified in clause 3 | 2198 |
| 5 | Amounts represented by activities specified in clause 3(a) and (b) | 2198 |
| 6 | Financial services provided to entities conducting activities specified in clause 3 | 2199 |
| 7 | Assets purchased from entities conducting activities specified in clause 3 | 2199 |
| 8 | Funding provided to entities in aggregate and individually | 2199 |
| 9 | Method for deriving peak end-of-day amount of funding in aggregate and individually in clause 8 | 2199 |
1 Insurance products
(1) In this Schedule, insurance products relate to insurance contracts which constitute insurance business.
(2) Information disclosed under clauses 6 to 9 relating to entities on whose behalf the registered bank’s banking group markets or distributes insurance products is required only in respect of affiliated insurance entities or affiliated insurance groups.
2 Insurance business
A statement on whether or not the registered bank’s banking group conducts any insurance business, and if it does, the following information:
(a) the aggregate amount of insurance business as at the balance date, where the amount so disclosed is calculated in accordance with the registered bank’s conditions of registration;
(b) an explanation of how the registered bank’s banking group manages its insurance business, including information on whether—
(i) any insurance business is conducted in special purpose subsidiaries whose business activities predominantly comprise insurance business, and if so, the name of each of those subsidiaries, and a description of the insurance business conducted in each subsidiary; and
(ii) in relation to any other member of the registered bank’s banking group, any insurance business is accounted for in its statement of financial position, and if so—
(A) the name of that member;Next Page →
NZ Gazette 2011, No 87
✨ LLM interpretation of page content
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Disclosure Requirements for Insurance Business and Related Activities
(continued from previous page)
💰 Finance & RevenueInsurance products, Insurance business, Securitisation, Funds management, Fiduciary activities, Marketing, Distribution, Banking group, Financial services, Affiliated entities