✨ Banking Disclosure Requirements
2300 NEW ZEALAND GAZETTE, No. 88 24 JUNE 2011
(b) the nature of each interest identified in paragraph (a) if the person holding it is not a registered and beneficial holder of the securities; and
(c) the name of each person who has the ability to directly or indirectly appoint 25% or more of the board of directors (or other persons exercising powers of management, however described), and the percentage of the directors that each of those persons has the ability to appoint.
Guarantees
(1) A statement on whether 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, 6 and 7.
(3) If the registered bank has a government guarantee, for each such guarantee the matters set out in clauses 6A, 6B and 7.
(4) If any material obligations of the registered bank are guaranteed under a cross guaranteeing arrangement, the matters required by clause 8.
(5) Subclause (2) does not apply if subclause (4) applies.
Details of guarantor
(1) The name and address for service of the guarantor.
(2) A statement whether the guarantor is a member of the 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 and 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 whether 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; and
(b) the current rating and all qualifications to that rating; and
(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 88
✨ LLM interpretation of page content
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Schedule 3: Information to be included in general disclosure statement
(continued from previous page)
💰 Finance & RevenueDisclosure statement, Banking regulations, Financial reporting, Corporate governance, Guarantees, Guarantor details