✨ Banking Regulation Details
24 JUNE 2011 NEW ZEALAND GAZETTE, No. 88 2441
(i) has been entered into on terms other than those that would, in the ordinary course of business of the registered bank or any member of the banking group, be given to any other person of like circumstances or means; or
(ii) could otherwise be reasonably likely to influence materially the exercise of the director’s or New Zealand chief executive officer’s duties; and
(b) whether the director is an executive director; and
(c) whether the director is an independent director; and
(d) the names of all companies, other than those that are members of the banking group of which the director or the New Zealand chief executive officer holds office as a director.
(5) A statement whether there is a board audit committee, and if so, the total number of persons who comprise the audit committee, and of these, the number who are—
(a) directors (other than independent directors); and
(b) independent directors.
(6) The policy of the board of directors for avoiding or dealing with conflicts of interest which may arise from the personal, professional, or business interests of the directors or any of them.
13 Auditors
The name and address of any auditor whose report is referred to in the disclosure statement.
14 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 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.
15 Pending proceedings or arbitration
A description of any pending legal proceedings or arbitration concerning any member of the banking group or, if publicly available, the overseas banking group, whether in New Zealand or elsewhere, that may have a material adverse effect on the registered bank or the banking group.
16 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
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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