✨ Banking Disclosure Requirements
24 JUNE 2011 NEW ZEALAND GAZETTE, No. 88 2489
11
Availability of guarantee contracts
(1) If the guarantee is provided under a contract, a statement—
(a) that a copy of the registered bank’s guarantee contract is included in its most recent supplemental disclosure statement; and
(b) that its most recent supplemental disclosure statement is available at no charge—
(i) via an Internet site maintained by or on behalf of the registered bank;
(ii) immediately, if a request is made at the registered bank’s head office; and
(iii) within 5 working days of a request, if a request is made at another place specified by the registered bank.
(2) Subclause (1) does not apply if the full guarantee contract is included in the registered bank’s general disclosure statement.
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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 10(2) to (6) as if those clauses 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 if 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 short form disclosure statement.
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Conditions of registration
(1) A copy of the conditions of registration that applied at the date on which the signing of the short form 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
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NZ Gazette 2011, No 88
✨ LLM interpretation of page content
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Schedule 2: Information to be included in general short form disclosure statement
(continued from previous page)
💰 Finance & RevenueBanking, Disclosure statement, Financial information, Registration requirements, Creditors, Subordination, Assets, Liabilities, Guarantees, Government guarantors, Credit ratings, Obligations guaranteed