✨ Financial Disclosure Requirements
2864 NEW ZEALAND GAZETTE, No. 102
24 AUGUST 2012
(d) the names of all companies, other than those which are members of the registered bank’s banking group, of which the director holds office as a director.
(5) A statement on whether or not there is a board audit committee or other separate board committee covering audit matters, and if so, the total number of persons who comprise the committee, and of these, the number who are—
(a) directors (other than independent directors); and
(b) independent directors.
(6) The policy of the board of directors for avoiding or dealing with conflicts of interest which may arise from the personal, professional or business interests of the directors.
11 Auditors
The name and address of any auditor whose report is referred to in the disclosure statement.
12 Conditions of registration
(1) A copy of the conditions of registration that applied at the balance date for the disclosure statement.
(2) If applicable, a description of any changes to the conditions of registration that have occurred since the reporting date for the previous disclosure statement, 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 full year accounting period, a description of the nature and extent of each case of non-compliance.
13 Pending proceedings or arbitration
A description of any pending legal proceedings or arbitration concerning any member of the registered bank’s banking group, whether in New Zealand or elsewhere, that may have a material adverse effect on the registered bank or its banking group.
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 balance date and the date on which the change occurred; and
(e) descriptions or explanations of all steps in the applicable rating scales.
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NZ Gazette 2012, No 102
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Financial Disclosure Requirements for Registered Banks
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💰 Finance & RevenueDisclosure, Creditors' claims, Guarantees, Financial statements, Credit ratings, Government guarantors, Cross guarantees, Directors