✨ Financial Disclosure Requirements
30 AUGUST 2013 NEW ZEALAND GAZETTE, No. 121 3253
6 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 incorporation which 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, in a winding up of that guarantor.
(5) If there are any such material legislative or regulatory restrictions,—
(a) the title of the legislation or regulations involved and the nature of the subordination of the rights of the creditors which they create; and
(b) 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.
7 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 legislation, regulations or other documents that set out the terms and conditions of the government guarantee.
(4) A statement on how to obtain the most recent audited financial statements of the government guarantor, for example, via an Internet site maintained by or on behalf of the government guarantor.
(5) The government guarantor’s issuer credit ratings in respect of its long term obligations payable in the currency of its jurisdiction and for each 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.
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NZ Gazette 2013, No 121
✨ LLM interpretation of page content
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Schedule 2—Full year Information to be included in disclosure statement
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💰 Finance & RevenueDisclosure statement, Financial statements, Bank audit requirements, Capital adequacy, Reserve Bank of New Zealand