✨ Banking and Insurance Regulations
4310 NEW ZEALAND GAZETTE, No. 154 22 NOVEMBER 2013
Schedule 16—Half year and off quarters
Insurance business, securitisation, funds management, other fiduciary activities, and marketing and distribution of insurance products
Contents
| 1 | Insurance products |
| 2 | Insurance business |
| 3 | Banking group’s involvement in securitisation, funds management, other fiduciary activities, and marketing and distribution of insurance products |
| 4 | Arrangements to ensure no adverse impacts arising from the activities specified in clause 3(1) |
| 5 | Financial services provided to entities conducting activities specified in clause 3(1) |
| 6 | Assets purchased from entities conducting activities specified in clause 3(1) |
1 Insurance products
(1) In this Schedule, insurance products relate to insurance contracts which constitute insurance business.
(2) Information disclosed under clauses 5 and 6 relating to entities on whose behalf the registered bank’s banking group markets or distributes insurance products is required only in respect of affiliated insurance entities or affiliated insurance groups.
2 Insurance business
A statement on whether or not the registered bank’s banking group conducts 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 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, there has been a material change in the nature of the registered bank’s banking group’s involvement in—
(a) the establishment, marketing, or sponsorship of trust, custodial, funds management, and other fiduciary activities; or
(b) the origination of securitised assets, and the marketing or servicing of securitisation schemes; or
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NZ Gazette 2013, No 154
✨ LLM interpretation of page content
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Insurance and Securitisation Regulations for Banking Groups
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💰 Finance & RevenueInsurance business, Securitisation, Funds management, Fiduciary activities, Banking group, Disclosure statement