✨ Banking Disclosure Requirements
NEW ZEALAND GAZETTE, No. 88
24 JUNE 2011
2298
9 Credit exposure to connected persons
(1) The following information for the most recent quarter of the accounting period or interim accounting period (as applicable):
(a) the peak end-of-day aggregate credit exposure (of a non-capital nature and net of individual credit impairment allowance) to connected persons expressed as an amount and as a percentage of tier one capital:
(b) the peak end-of-day aggregate credit exposure (of a non-capital nature and net of individual credit impairment allowance) to non-bank connected persons expressed as an amount and as a percentage of tier one capital.
(2) The information disclosed under subclause (1) must be calculated using the methodology set out in Schedule 7.
(3) The following:
(a) a statement that the information required under subclause (1) is net of individual credit impairment allowance and excludes advances to connected persons of a capital nature:
(b) a statement whether the limits on aggregate credit exposure to connected persons and to non-bank connected persons in the registered bank’s conditions of registration have been complied with at all times over the most recent quarter of the accounting period or interim accounting period (as applicable):
(c) a statement of the nature and amount of any breaches of the limits referred to in paragraph (b).
10 Statement about availability of general disclosure statement and supplemental disclosure statement
A statement—
(a) that a copy of the registered bank’s most recent general disclosure statement and supplemental disclosure statement (if applicable) will be provided immediately at no charge to any person requesting a copy if the request is made at the registered bank’s head office; and
(b) that a copy of the registered bank’s most recent general disclosure statement and supplemental disclosure statement (if applicable) are available on the registered bank’s website; and
(c) specifying the categories of places where a copy of the registered bank’s most recent general disclosure statement and supplemental disclosure statement (if applicable) will be provided at no charge to any person within 5 working days of a request for a copy having been made.
11 Auditor’s report
A copy of the auditor’s report referred to in clause 19(1) of this order.
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NZ Gazette 2011, No 88
✨ LLM interpretation of page content
💰
Schedule 2: Information to be included in key information summary for registered banks
(continued from previous page)
💰 Finance & RevenueBanking disclosure, Key information summary, Capital adequacy, Asset quality, Credit exposure
💰 Credit exposure to connected persons
💰 Finance & RevenueCredit exposure, Connected persons, Tier one capital, Credit impairment allowance
💰 Statement about availability of general disclosure statement and supplemental disclosure statement
💰 Finance & RevenueDisclosure statement, General disclosure, Supplemental disclosure, Bank statements
💰 Auditor’s report
💰 Finance & RevenueAuditor’s report, Banking audit, Financial reporting