✨ Banking Disclosure Statement
24 JUNE 2011 NEW ZEALAND GAZETTE, No. 88 2363
Supplemental disclosure statement
20 Information to be included in supplemental disclosure statement
(1) The supplemental disclosure statement must include only the following information (if it applies):
(a) if the general short form disclosure statement states that a person other than a government guarantees any material obligations of the registered bank, a copy of the—
(i) full guarantee contract; and
(ii) most recent financial statements and group financial statements of the guarantor; and
(iii) auditor’s report (if any) relating to those financial statements:
(aa) if the registered bank has a government guarantee that is provided by means of a contract, a copy of the guarantee contract:
(b) if the general short form disclosure statement states that a person has entered into a material cross guaranteeing arrangement with the registered bank, a copy of the full guarantee contract if—
(i) there is a single contract that sets out the rights and obligations of all the cross guarantors; or
(ii) there is a standard contract that is representative of the rights and obligations of each of the cross guarantors:
(c) if the general short form disclosure statement states that a registered bank has calculated its aggregate credit exposure to connected persons on a net basis,—
(i) a copy of the bilateral netting agreement; and
(ii) if applicable, a copy of the advice from an independent third party expert validating the robustness of that bilateral netting agreement:
(d) any additional information or explanations required to ensure that the supplemental disclosure statement is not false or misleading.
(2) Subclause (1) does not apply to the extent that the matters required under that subclause are included in the general short form disclosure statement.
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NZ Gazette 2011, No 88
✨ LLM interpretation of page content
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Registered Bank Disclosure Statement (Off-Quarter—New Zealand Incorporated Registered Banks) Order 2011
(continued from previous page)
💰 Finance & Revenue20 June 2011
Banking regulations, Disclosure statement, Supplemental information, Financial statements, Guarantee contracts