✨ Banking Disclosure Requirements
2304 NEW ZEALAND GAZETTE, No. 88 24 JUNE 2011
11
Auditors
The name and address of any auditor whose report is referred to in the disclosure statement:
12
Conditions of registration
(1) A copy of the conditions of registration that applied at the date on which the signing of the disclosure statement is completed.
(2) If applicable, a description of any changes to the conditions of registration that have occurred since the signing of the previous disclosure statement is completed, including the dates on which the changes occurred.
(3) A statement of the date on which the conditions of registration of the registered bank came into effect.
(4) If the registered bank has not complied with all conditions of registration over the accounting period or interim accounting period (as applicable), a description of the nature and extent of each case of non-compliance.
13
Pending proceedings or arbitration
A description of any pending legal proceedings or arbitration concerning any member of the banking group, whether in New Zealand or elsewhere, that may have a material adverse effect on the registered bank or the banking group.
14
Credit rating
If the registered bank is required, by a notice given to it under section 80 of the Act, to obtain or maintain a rating of its creditworthiness or financial condition by a person nominated or approved by the Reserve Bank, with respect to each rating obtained or maintained by the registered bank that complies 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:
(c) the current rating and all qualifications to that rating:
(d) any change made to the rating in the 2 years immediately before the balance date and the date on which the change occurred:
(e) descriptions or explanations of all steps in the applicable rating scales.
15
Historical summary of financial statements
(1) A historical summary of financial statements for the banking group—
(a) in the case of an accounting period, for each of the 5 most recent consecutive accounting periods; or
(b) in the case of an interim accounting period, for that interim accounting period and each of the 5 most recent consecutive accounting periods.
(2) The amounts in the historical summary of financial statements must be amounts taken from financial statements of the banking group and that give a true and fair view of the results and state of affairs of the banking group for the period concerned.
Next Page →
NZ Gazette 2011, No 88
✨ LLM interpretation of page content
💰
Banking Disclosure Requirements
(continued from previous page)
💰 Finance & RevenueDisclosure statements, Supplemental disclosure, General disclosure, Directors, Audit committee, Conflicts of interest, Auditors, Conditions of registration, Pending proceedings, Arbitration, Credit rating, Historical financial summary