✨ Financial Services Disclosure Requirements
2202 NEW ZEALAND GAZETTE, No. 87 24 JUNE 2011
(a) the establishment, marketing, or sponsorship of trust, custodial, funds management, and other fiduciary activities; or
(b) the origination of securitised assets, and the marketing or servicing of securitisation schemes; or
(c) the marketing and distribution of insurance products.
(2) A statement of the nature of any changes in the registered bank’s banking group’s involvement in the activities specified in subclause (1).
4
Arrangements to ensure no adverse impacts arising from the activities specified in clause 3(1)
If, since the reporting date for the previous disclosure statement, there has been a material change in any arrangements which have been put in place to ensure that difficulties arising from the activities specified in clause 3(1) would not impact adversely on the registered bank’s banking group, a statement of the nature of the changes.
5
Financial services provided to entities conducting activities specified in clause 3(1)
If over the half year accounting period or off quarter accounting period as applicable, financial services provided by any member of the registered bank’s banking group to entities that conduct the activities specified in clause 3(1)(a) or (b), or on whose behalf the registered bank’s banking group conducts the activities specified in clause 3(1)(c), have been provided other than on arms length terms and conditions and at fair value, a statement to that effect.
6
Assets purchased from entities conducting activities specified in clause 3(1)
If over the half year accounting period or off quarter accounting period as applicable, assets purchased by any member of the registered bank’s banking group from entities that conduct the activities specified in clause 3(1), or on whose behalf the registered bank’s banking group conducts the activities specified in clause 3(1)(c), have been purchased other than on arms length terms and conditions and at fair value, a statement to that effect.
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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 & RevenueFinancial services, Insurance business, Securitisation, Funds management, Fiduciary activities, Marketing and distribution, Insurance products, Banking group, Reporting requirements, Material changes, Financial services terms, Asset purchases