New Zealand Gazette – 2014 – No. 21

Page 519

✨ Capital Adequacy Requirements for Registered Banks



21 FEBRUARY 2014 NEW ZEALAND GAZETTE, No. 21 519

(3) For the information required under subclause (2)—

(a) if there is no Additional Tier 1 capital, that must be shown in the information, for example, with nil and a dash;

(b) if there is no Tier 2 capital, that must be shown in the information, for example, with nil and a dash;

(c) the layout and text formatting in subclause (2) is indicative; and

(d) for the avoidance of doubt, the amounts required for Tier 1 capital, Common Equity Tier 1 capital, Additional Tier 1 capital, Tier 2 capital and Total capital are as defined in this Order.

2A Capital structure

(1) The information in subclauses (2) to (4) in respect of the registered bank’s banking group.

(2) For each instrument included in total capital disclosed under clause 2 and issued between the reporting date for the previous disclosure statement and the reporting date for the disclosure statement—

(a) whether the instrument is included in Common Equity Tier 1 capital, Additional Tier 1 capital or Tier 2 capital;

(b) the material terms and conditions of the instrument, including where applicable, but not limited to—

(i) voting rights;

(ii) issuer of the instrument;

(iii) issue date;

(iv) any maturity or scheduled redemption date;

(v) any options or facilities for early redemption, conversion, write-down or capital repayment and their relevant terms or conditions;

(vi) terms or conditions of any predetermined servicing obligations; and

(vii) provision for any variation or suspension of dividend or coupon payments;

(c) the total of cumulative preferred dividends or interest payments in arrears;

(d) the priority or ranking in point of security, payment or claims of the instrument; and

(e) a brief description of any other material terms and conditions of issue of the securities, including any related contracts or arrangements.

(3) Any options granted or to be granted pursuant to any arrangement, over any equity share capital disclosed under clause 1, and in respect of any such option—

(a) the consideration given or to be given;

(b) the expiry date for the exercise of the option; and

(c) the total number of shares subject to the option.

(4) The nature and amount of each reserve included in capital for the banking group.



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Gazette.govt.nz — PDF NZ Gazette 2014, No 21




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💰 Capital Adequacy Requirements for Registered Banks (continued from previous page)

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Banking, Capital Ratios, Internal Models, Risk Management, Financial Regulations