✨ Financial Regulations
2460 NEW ZEALAND GAZETTE, No. 88 24 JUNE 2011
Schedule 7
Securitisation, funds management, other fiduciary activities, and marketing and distribution of insurance products
Contents
| Page | ||
|---|---|---|
| 1 | Insurance products | 2460 |
| 2 | Banking group’s involvement in securitisation, funds management, other fiduciary activities, and marketing and distribution of insurance products | 2460 |
| 3 | Arrangements to ensure no adverse impacts arising from the activities specified in clause 2 | 2460 |
| 4 | Amounts represented by activities specified in clause 2(a) and (b) | 2460 |
1 Insurance products
In this schedule, insurance products relate to insurance contracts that constitute insurance business.
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 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.
4 Amounts represented by activities specified in clause 2(a) and (b)
(1) A statement of the amount as at the balance date of—
(a) funds held in trust by any member of the banking group; and
(b) funds under management by any member of the banking group; and
(c) funds under custodial arrangements by any member of the banking group (to the extent practicable); and
(d) other funds held or managed subject to fiduciary responsibilities by any member of the banking group; and
(e) outstanding securitised assets originated by any member of the banking group.
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NZ Gazette 2011, No 88
✨ LLM interpretation of page content
💰
Concentration of credit exposures to individual counterparties
(continued from previous page)
💰 Finance & RevenueCredit exposure, Banking regulations, Financial records, Credit risk, Investment grade
💰 Securitisation, funds management, and insurance activities
💰 Finance & RevenueSecuritisation, Funds management, Insurance products, Banking regulations, Financial activities