✨ Capital Structure Requirements
NEW ZEALAND GAZETTE, No. 21 21 FEBRUARY 2014
[itemise any AT1 capital instruments subject to phase-out from AT1 capital under the Reserve Bank of New Zealand’s Basel III transitional arrangements, adding rows as needed]
| qualifying amount |
|---|
[itemise the interests arising from an instrument for any AT1 capital instruments issued by fully consolidated subsidiaries and held by third parties, adding rows as needed, for example, for each instrument to show ordinary shares (not included in CET1 capital), as well as any associated retained earnings or other reserves]
| amount |
|---|
Less deductions from AT1 capital [if there are no deductions, this line and its associated itemisation may be omitted]
| [itemise each deduction from AT1 capital, adding rows as needed] |
|---|
| [deduction amount] |
| [subtotal: AT1 capital amount] |
Tier 2 capital
[itemise any Tier 2 capital instruments not subject to phase-out from Tier 2 capital under the Reserve Bank of New Zealand’s Basel III transitional arrangements, adding rows as needed]
| amount | for each instrument including any related share premium |
|---|
[itemise any Tier 2 capital instruments subject to phase-out from Tier 2 capital under the Reserve Bank of New Zealand’s Basel III transitional arrangements, adding rows as needed]
| qualifying amount |
|---|
[itemise any Tier 2 capital instruments issued by fully consolidated subsidiaries and held by third parties, adding rows as needed]
| amount |
|---|
| Revaluation reserves |
|---|
| [amount] |
| Eligible impairment allowance in excess of expected loss |
|---|
| [amount] |
Less deductions from Tier 2 capital [if there are no deductions, this line and its associated itemisation may be omitted]
| [itemise each deduction from Tier 2 capital, adding rows as needed] |
|---|
| [deduction amount] |
| [subtotal: Tier 2 capital amount] |
Total capital
| [Total capital amount] |
(3) For the information required under subclause (2)—
(a) an item of Additional Tier 1 capital must be identified as being classified as equity or as a liability under generally accepted accounting practice, for example, by adding a footnote;
(b) if there is no Additional Tier 1 capital, that must be shown in the information, for example, with nil and dashes in the row under the heading for Additional Tier 1 capital;
(c) if there is no Tier 2 capital, that must be shown in the information, for example, with nil and dashes in the row under the heading for Tier 2 capital;
(d) the layout and text formatting in subclause (2) is indicative;
(e) the abbreviations “CET1” and “AT1” do not need to be used instead of the full wording of those terms if the full wording is preferred by the registered bank; and
(f) for the avoidance of doubt, the amounts required for the subtotals for Common Equity Tier 1 capital, Additional Tier 1 capital, Tier 1 capital and Tier 2 capital and for Total capital are as defined in this Order.
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NZ Gazette 2014, No 21
✨ LLM interpretation of page content
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Capital Structure Requirements
(continued from previous page)
💰 Finance & RevenueCapital, Basel III, Tier 1, Tier 2, Deductions, Banking