✨ Banking Regulation Details
21 FEBRUARY 2014 NEW ZEALAND GAZETTE, No. 21 481
3 Summary information on guarantor and guaranteed obligations
(1) The name and address for service of the guarantor.
(2) A statement on whether or not the guarantor is a member of the registered bank’s banking group.
(3) 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 rating—
(a) the name of the person who gave the credit rating; and
(b) the current rating and all qualifications to that rating.(4) A summary description of the obligations that are guaranteed.
(5) 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.(6) If the registered bank’s most recent full year disclosure statement contains further information about the guarantee:
(a) a statement to that effect;
(b) information on how to obtain a copy of that disclosure statement; and
(c) if there have been any material changes in the terms of the guarantee since the date on which the signing of that disclosure statement was completed, a description of those changes.4 Summary information on government guarantors and government-guaranteed obligations
(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) A summary description of the obligations guaranteed by the government guarantor.
(4) If the government 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.(5) If the registered bank’s most recent full year disclosure statement contains further information about the guarantee:
(a) a statement to that effect;
(b) information on how to obtain a copy of that disclosure statement; and
(c) if there have been any material changes in the terms of the guarantee since the date on which the signing of that disclosure statement was completed, a description of those changes.5 Material cross guarantees
(1) If a person has entered into a material cross guaranteeing arrangement with the registered bank, the matters set out in subclauses (2) to (4).
(2) A summary description of the guaranteeing group and the nature of the cross guaranteeing arrangement.
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NZ Gazette 2014, No 21
✨ LLM interpretation of page content
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Registered Bank Disclosure Statements Order 2014
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💰 Finance & RevenueBanking, Financial Regulation, Disclosure Statements, Financial Statements, Directors' Statements