✨ Insurance and Securitisation Regulations
22 NOVEMBER 2013 NEW ZEALAND GAZETTE, No. 154 4311
(c) the marketing and distribution of insurance products.
(2) A statement of the nature of any changes in the registered bank’s banking group’s involvement in the activities specified in subclause (1).
4 Arrangements to ensure no adverse impacts arising from the activities specified in clause 3(1)
If, since the reporting date for the previous disclosure statement, there has been a material change in any arrangements which have been put in place to ensure that difficulties arising from the activities specified in clause 3(1) would not impact adversely on the registered bank’s banking group, a statement of the nature of the changes.
5 Financial services provided to entities conducting activities specified in clause 3(1)
If over the half year accounting period or off quarter accounting period as applicable, financial services provided by any member of the registered bank’s banking group to entities that conduct the activities specified in clause 3(1)(a) or (b), or on whose behalf the registered bank’s banking group conducts the activities specified in clause 3(1)(c), have been provided other than on arm’s length terms and conditions and at fair value, a statement to that effect.
6 Assets purchased from entities conducting activities specified in clause 3(1)
If over the half year accounting period or off quarter accounting period as applicable, assets purchased by any member of the registered bank’s banking group from entities that conduct the activities specified in clause 3(1), or on whose behalf the registered bank’s banking group conducts the activities specified in clause 3(1)(c), have been purchased other than on arm’s length terms and conditions and at fair value, a statement to that effect.
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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
(continued from previous page)
💰 Finance & RevenueInsurance business, Securitisation, Funds management, Fiduciary activities, Banking group, Disclosure statement, Financial services, Asset purchases, Arm's length transactions, Fair value