✨ Banking Disclosure Regulations
2480 NEW ZEALAND GAZETTE, No. 88 24 JUNE 2011
obtained or maintained by the registered bank that complies
with the notice given under section 80 of the Act, the following
information:
(a) the name of the person who gave the rating:
(b) the type of rating:
(c) the current rating and all qualifications to that rating:
(d) any change made to the rating in the 2 years
immediately before the off-quarter balance date and the
date on which the change occurred.
3A Government guarantees
(1) This clause applies if the registered bank has 1 or more
government guarantees on the day its directors and New
Zealand chief executive officer sign its short form disclosure
statement.
(2) A registered bank must make the statements in this clause for
each such guarantee.
(3) The following statement:
["[Name of registered bank] has a guarantee under
[description of the guarantee – for example, ‘the New
Zealand deposit guarantee scheme’]."]
(4) Statements:
(a) on how to obtain information about the government
guarantee, for example, via an Internet site maintained
by or on behalf of a government guarantor; and
(b) to direct the reader to more information on the
registered bank’s government guarantee in the
registered bank’s general disclosure statement and, if
applicable, its supplemental disclosure statement.
3B No New Zealand government deposit guarantee
(1) This clause applies if the registered bank does not have a
guarantee under the New Zealand deposit guarantee scheme on
the day its directors and New Zealand chief executive officer
sign its short form disclosure statement.
(2) The following statement:
["[Name of registered bank] does not have a guarantee
under the New Zealand deposit guarantee scheme as at
[date]."]
4 Profitability
The following information:
(a) the net profit or loss after tax in respect of—
(i) the overseas banking group for the most recent
period for which the information is publicly
available, specifying the period and end date to
which this information applies; and
(ii) the banking group over the first quarter
accounting period or third quarter accounting
period (as applicable), specifying the period and
end date to which this information applies:
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NZ Gazette 2011, No 88
✨ LLM interpretation of page content
💰
Schedule of Key Information Summary for Registered Banks
(continued from previous page)
💰 Finance & RevenueBanking regulations, Disclosure statements, Financial information, Registered banks, Credit ratings, Government guarantees, Profitability