✨ Financial Regulations Supplement
NEW ZEALAND GAZETTE, No. 88
24 JUNE 2011
Schedule 8
Securitisation, funds management, other fiduciary activities, and marketing and distribution of insurance products
Contents
| Page | ||
|---|---|---|
| 1 | Insurance products | 2340 |
| 2 | Banking group’s involvement in securitisation, funds management, other fiduciary activities, and marketing and distribution of insurance products | 2340 |
| 3 | Arrangements to ensure no adverse impacts arising from the activities specified in clause 2 | 2340 |
| 4 | Amounts represented by activities specified in clause 2(a) and (b) | 2341 |
| 5 | Financial services provided to entities conducting activities specified in clause 2 | 2341 |
| 6 | Assets purchased from entities conducting activities specified in clause 2 | 2341 |
| 7 | Aggregate funding provided to entities | 2341 |
| 8 | Method for deriving peak end-of-day aggregate amount of funding in clause 7 | 2342 |
| 9 | Peak end-of-day aggregate amount of funding provided to individual entity | 2342 |
| 10 | Method for deriving peak end-of-day aggregate amount of funding in clause 9 | 2342 |
1 Insurance products
(1) In this schedule, insurance products relate to insurance contracts which constitute insurance business.
(2) Information disclosed under clauses 5 to 10 relating to entities on whose behalf the banking group markets or distributes insurance products is required only in respect of affiliated insurance entities or affiliated insurance groups.
2 Banking group’s involvement in securitisation, funds management, other fiduciary activities, and marketing and distribution of insurance products
A statement of the nature of the banking group’s involvement in—
(a) the establishment, marketing, or sponsorship of trust, custodial, funds management, and other fiduciary activities; and
(b) the origination of securitised assets, and the marketing or servicing of securitisation schemes; and
(c) the marketing and distribution of insurance products.
3 Arrangements to ensure no adverse impacts arising from the activities specified in clause 2
A statement as to whether arrangements have been put in place to ensure that difficulties arising from the activities specified in clause 2 would not impact adversely on the banking group, and if so, the nature of those arrangements.
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NZ Gazette 2011, No 88
✨ LLM interpretation of page content
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Schedule 8: Securitisation, funds management, and insurance activities
(continued from previous page)
💰 Finance & RevenueSecuritisation, Funds management, Fiduciary activities, Insurance products, Banking regulations, Financial disclosures, Credit risk