✨ Banking Regulation
2440 NEW ZEALAND GAZETTE, No. 88 24 JUNE 2011
(2) Subclause (1) does not apply if the full guarantee contract is included in the registered bank’s general disclosure statement.
11 Material cross guarantees
(1) If a person has entered into a material cross guaranteeing arrangement with the overseas bank, the matters set out in subclauses (2) to (4).
(2) A description of the guaranteeing group and the nature of the cross guaranteeing arrangement.
(3) The matters required to be disclosed under clause 9(2) to (6) as if those provisions applied to the guarantees of the obligations of the overseas bank, as well as to the guarantees the overseas bank has given in respect of the first-mentioned person’s obligations.
(4) If there is a single contract that sets out the rights and obligations of all the cross guarantors, or if there is a standard contract which is representative of the rights and obligations of each of the cross guarantors, a statement—
(a) that a copy of the registered bank’s most recent supplemental disclosure statement, which contains a copy of the full guarantee contract, will be provided immediately at no charge to any person requesting a copy where the request is made at the registered bank’s head office; and
(b) specifying the categories of places where a copy of the registered bank’s most recent supplemental disclosure statement, which contains a copy of the full guarantee contract, will be provided at no charge to any person within 5 working days of a request for a copy having been made.
(5) Subclause (4) does not apply if the content of the supplemental disclosure statement is contained in the general disclosure statement.
12 Directors
(1) An address to which communications to the directors, the New Zealand chief executive officer, and responsible persons (if any), may be sent.
(2) The name, occupations (separately identifying which is the primary occupation), technical or professional qualifications, and country of residence of each director, the New Zealand chief executive officer, and each responsible person.
(3) If applicable, the name of each director, and the New Zealand chief executive officer, on whose behalf each responsible person has signed the disclosure statement.
(4) In relation to each director and, if applicable, the New Zealand chief executive officer,—
(a) the nature and amount of any transaction that the director or the New Zealand chief executive officer or any immediate relative or close business associate of the director or the New Zealand chief executive officer has with the registered bank or any member of the banking group that either—
Next Page →
NZ Gazette 2011, No 88
✨ LLM interpretation of page content
💰
Registered Bank Disclosure Statement Order 2011
(continued from previous page)
💰 Finance & RevenueFinancial regulation, Disclosure statements, Banking terms, Publication requirements, Reserve Bank