✨ Banking Disclosure Regulations
2942 NEW ZEALAND GAZETTE, No. 102 24 AUGUST 2012
the auditor’s report on those financial statements that reflect on the statement of those assets in the financial statements; or
(b) if the guarantor is a bank, the most recent publicly disclosed capital of the guarantor’s group expressed as an amount and as a percentage of risk weighted exposures, and the date to which that measure of capital relates.
(4) A statement on whether or not the guarantor has any credit ratings applicable to its long term senior unsecured obligations payable in the currency of the country of its incorporation, and if so, in respect to each such rating—
(a) the name of the person who gave the credit rating;
(b) the current rating and all qualifications to that rating;
(c) each change made to the rating in the 2 years immediately before the balance date and the date on which that change occurred; and
(d) descriptions or explanations of all steps in the applicable rating scales.
8 Details of guaranteed obligations
(1) A description of the obligations that are guaranteed.
(2) A statement on whether or not there are any limits on the amount of the obligations guaranteed and, if so, a brief summary of the nature of those limits.
(3) A statement on whether or not there are any material conditions applicable to the guarantee other than non-performance by the principal obligor and, if so, a brief summary of those conditions.
(4) A statement on whether or not there are any material legislative or regulatory restrictions in the guarantor’s country of domicile that, in a liquidation of the guarantor, would have the effect of subordinating the claims under the guarantee of any of the creditors of the registered bank on the assets of the guarantor to other claims on the guarantor.
(5) If there are any such material legislative or regulatory restrictions,—
(a) the title of the legislation or regulations involved;
(b) the nature of the subordination of the rights of the creditors; and
(c) the amount of the liabilities that are affected.
(6) If the guarantee has an expiry date,—
(a) a statement of the date the guarantee expires; and
(b) if the registered bank has an option to roll over or renew the guarantee, a statement explaining that option.
9 Details of government guarantors
(1) The name and address for service of the guarantor.
(2) A statement on how to obtain information about the government guarantee, for example, via an Internet site maintained by or on behalf of the government guarantor.
(3) To the extent the government guarantee is provided by means other than a contract, a statement of how to obtain the
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NZ Gazette 2012, No 102
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Banking Disclosure Regulations
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💰 Finance & RevenueBanking regulations, Disclosure statements, Audit reports, Review statements, Financial statements, Guarantor details, Credit ratings, Guaranteed obligations, Government guarantors