✨ Capital adequacy regulations
2892 NEW ZEALAND GAZETTE, No. 102 24 AUGUST 2012
Lower tier two capital
Term subordinated debt
Other capital elements with original maturity of five years or more
Total tier two capital
Tier one capital plus tier two capital
Less: deductions from total capital (specify each deduction)
Plus: other adjustments to total capital (specify each adjustment)
Total capital
2 Capital structure
(1) The information in subclauses (2) to (4) in respect of the registered bank’s banking group.
(2) For each class of equity share capital—
(a) whether it is included in tier one capital or upper tier two capital or lower tier two capital;
(b) the material terms and conditions applying to that class including (but not limited to)—
(i) voting rights;
(ii) redemption, conversion or capital repayment options or facilities and their relevant terms or conditions;
(iii) terms or conditions of any predetermined dividend rate;
(iv) provision for any variation or suspension of dividend payments;
(v) any maturity date; and
(vi) any options granted or to be granted pursuant to any arrangement, the consideration given or to be given, the expiry date for the exercise and the total number of shares subject to such option; and
(c) the total of cumulative preferred dividends in arrears; and
(d) a brief description of any other material terms and conditions of issue of the securities including provisions of related contracts or arrangements.
(3) For every other class of capital instrument included in capital:
(a) whether the class constitutes upper tier two capital or lower tier two capital;
(b) the priority or ranking in point of security, payment or claims of the class; and
(c) all other material terms and conditions of issues of the class, including any related contracts or arrangements.
(4) The nature and amount of each reserve included in capital for banking group.
3 Credit risk subject to the IRB approach
(1) The information in subclauses (2) and (4)—
(a) in respect of the capital of the registered bank’s banking group; and
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NZ Gazette 2012, No 102
✨ LLM interpretation of page content
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Capital adequacy under the internal models based approach
(continued from previous page)
💰 Finance & RevenueCapital adequacy, Internal models, Banking group, Tier one capital, Tier two capital