✨ Financial Disclosure Requirements
NEW ZEALAND GAZETTE, No. 121
30 AUGUST 2013
Schedule 12—Half year and off quarters
Insurance, securitisation, funds management, other fiduciary activities, and marketing and distribution of insurance products
Contents
| Page | |
|---|---|
| 1 | Insurance products |
| 2 | Insurance business |
| 3 | Non-consolidated insurance and non-financial activities |
| 4 | Banking group’s involvement in securitisation, funds management, other fiduciary activities, and marketing and distribution of insurance products |
| 5 | Arrangements to ensure no adverse impacts arising from activities specified in clause 4(1) |
1 Insurance products
In this Schedule, insurance products relate to insurance contracts which constitute insurance business.
2 Insurance business
A statement on whether or not the registered bank’s banking group carries on any insurance business, and if it does, the following information:
(a) the aggregate amount of insurance business as at the reporting date, where the amount so disclosed is calculated in accordance with the registered bank’s conditions of registration; and
(b) if, since the reporting date for the previous disclosure statement, there have been material changes in the registered bank’s banking group’s approach to managing its insurance business, a description of the nature of those changes.
3 Non-consolidated insurance and non-financial activities
(1) The information in subclause (2) if, since the reporting date for the previous disclosure statement, there has been a material change in any insurance business or non-financial activities that the registered bank carries on in New Zealand outside its banking group.
(2) A statement of the nature of any changes in the insurance business or non-financial activities referred to in subclause (1).
4 Banking group’s involvement in securitisation, funds management, other fiduciary activities, and marketing and distribution of insurance products
(1) The information in subclause (2) if, since the reporting date for the previous disclosure statement is completed, there has been a material change in the nature of the registered bank’s banking group’s involvement in—
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NZ Gazette 2013, No 121
✨ LLM interpretation of page content
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Insurance and fiduciary activities disclosure requirements
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💰 Finance & RevenueInsurance products, Insurance business, Securitisation, Funds management, Fiduciary activities, Marketing, Distribution, Disclosure requirements