✨ Banking Disclosure Requirements
2306 NEW ZEALAND GAZETTE, No. 88 24 JUNE 2011
(c) comparative figures for the previous corresponding period for the information that is required to be disclosed under paragraph (a).
18 Other material matters
Details of any matters relating to the business or affairs of the registered bank and the banking group that—
(a) are not contained elsewhere in the general disclosure statement; and
(b) would, if disclosed, materially affect the decision of a person to subscribe for debt securities of which the registered bank or any member of the banking group is the issuer.
19 Directors’ statements
(1) A statement by the directors as to whether each director believes, after due enquiry, that, as at the date on which the disclosure statement is signed,—
(a) the disclosure statement contains all the information that is required by this order; and
(b) the disclosure statement is not false or misleading.
(2) A statement by the directors as to whether each director believes, after due enquiry, that, over the accounting period or interim accounting period (as applicable),—
(a) the registered bank has complied with all conditions of registration that applied during that period; and
(b) credit exposures to connected persons (if any) were not contrary to the interests of the banking group; and
(c) the registered bank had systems in place to monitor and control adequately the banking group’s material risks, including credit risk, concentration of credit risk, interest rate risk, currency risk, equity risk, liquidity risk, operational risk and other business risks, and that those systems were being properly applied.
20 Auditor’s report
A copy of the auditor’s report referred to in clause 19(2) of this order.
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NZ Gazette 2011, No 88
✨ LLM interpretation of page content
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Banking Disclosure Requirements
(continued from previous page)
💰 Finance & RevenueDisclosure statements, Comparative figures, Material matters, Directors' statements, Auditor's report, Banking group, Credit exposures, Risk management