✨ Financial Regulation
24 JUNE 2011 NEW ZEALAND GAZETTE, No. 88 2443
19 Insurance business
A statement whether the banking group carries on any insurance business, and if so, the following information:
(a) the aggregate amount of insurance business, where the amount is calculated in accordance with the registered bank’s conditions of registration:
(b) an explanation as to how the banking group manages its insurance business, including information on whether—
(i) any insurance business is carried on in special purpose subsidiaries whose business activities predominantly comprise insurance business, and if so,—
(A) the name of each of those subsidiaries; and
(B) a description of the insurance business carried on in each subsidiary; and
(ii) in relation to any other member of the banking group, any insurance business is accounted for in its statement of financial position, and if so,—
(A) the name of that member; and
(B) whether the assets relating to that member’s insurance business are managed and accounted for as separate funds; and
(C) a description of the insurance business carried on by that member:(c) comparative figures for the previous corresponding period for the information that is required to be disclosed under paragraph (a).
20 Non-consolidated activities
(1) A statement whether the overseas bank carries on any insurance business or non-financial activities in New Zealand that are outside the banking group, and if does, the following information:
(a) a brief explanation of the overseas bank’s involvement in that insurance business or those non-financial activities:
(b) the total assets, total equity, and total profits before and after tax of that insurance business on a consolidated basis, and if that insurance business is carried on by an overseas incorporated company, separately in respect of the overseas company’s group and that group’s New Zealand business:
(c) the total assets, total equity, and total profits before and after tax of those non-financial activities on a consolidated basis, and if those non-financial activities are carried on by an overseas incorporated company, separately in respect of the overseas company’s group and that group’s New Zealand business:
(d) comparative figures for the previous corresponding period for the information that is required to be disclosed under paragraphs (a) to (c).
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NZ Gazette 2011, No 88
✨ LLM interpretation of page content
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Registered Bank Disclosure Statement Order 2011
(continued from previous page)
💰 Finance & RevenueFinancial regulation, Disclosure statements, Banking terms, Publication requirements, Reserve Bank