✨ Banking Disclosure Requirements
2490 NEW ZEALAND GAZETTE, No. 88 24 JUNE 2011
disclosure statement is completed, including the dates on which the changes occurred.
(3) A statement of the date on which the conditions of registration of the registered bank came into effect.
(4) If the registered bank has not complied with all conditions of registration over the first quarter accounting period or the third quarter accounting period (as applicable), a description of the nature and extent of each case of non-compliance.
14 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 or approved by the Reserve Bank, with respect to each rating 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:
(e) descriptions or explanations of all steps in the applicable rating scales.
15 Insurance business
A statement whether the banking group carries on any insurance business, and if it does, the following information:
(a) a description of each class of that insurance business:
(b) the aggregate amount of insurance business, where the amount disclosed is calculated in accordance with the registered bank’s conditions of registration:
(c) comparative figures for the previous corresponding period for the information that is required to be disclosed under paragraph (b).
16 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 it 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
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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, Credit rating, Insurance business, Non-consolidated activities