✨ Financial Services Disclosure
532 NEW ZEALAND GAZETTE, No. 21 21 FEBRUARY 2014
6 Financial services provided to entities conducting activities specified in clause 3
A statement on whether or not over the accounting period financial services provided by any member of the registered bank’s banking group to entities that conduct the activities specified in clause 3(a) or (b), or on whose behalf the registered bank’s banking group conducts the activities specified in clause 3(c), have been provided on arm’s length terms and conditions and at fair value.
7 Assets purchased from entities conducting activities specified in clause 3
A statement on whether or not over the accounting period assets purchased by any member of the registered bank’s banking group from entities that conduct the activities specified in clause 3, or on whose behalf the registered bank’s banking group conducts the activities specified in clause 3(c), have been purchased on arm’s length terms and conditions and at fair value.
8 Funding provided to entities in aggregate and individually
(1) The information in subclauses (2) and (3) in respect of entities that conduct the activities specified in clause 3 or on whose behalf the registered bank’s banking group conducts the activities specified in clause 3(c).
(2) The peak end-of-day aggregate amount of funding the registered bank’s banking group has provided over the full year accounting period to all such entities, expressed as an amount and as a percentage of the registered bank’s banking group’s tier one capital.
(3) The peak end-of-day aggregate amount of funding the registered bank’s banking group has provided over the full year accounting period to each such entity individually, expressed as an amount and as a percentage of the amount of assets of the individual entity.
(4) The information that is required to be disclosed under this clause must include comparative figures for the previous corresponding period.
9 Method for deriving peak end-of-day amount of funding in aggregate and individually in clause 8
(1) For the purposes of clause 8 the peak end-of-day aggregate amount of funding provided to any entity involved in activities specified in clause 3, or on whose behalf the registered bank’s banking group conducts the activities specified in clause 3(c), includes funding provided by the purchase of securities issued by the entity.
(2) For the purposes of clause 8, the peak end-of-day aggregate amount of funding is the maximum end-of-day aggregate amount of funding over the full year accounting period, divided by—
(a) in the case of clause 8(2), the registered bank’s banking group’s tier one capital as at the balance date;Next Page →
NZ Gazette 2014, No 21
✨ LLM interpretation of page content
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Financial Services and Asset Purchases Disclosure
(continued from previous page)
💰 Finance & RevenueFinancial Services, Asset Purchases, Arm's Length Terms, Fair Value, Banking Group
💰 Funding Provided to Entities
💰 Finance & RevenueFunding, Peak End-of-Day Aggregate, Tier One Capital, Banking Group, Comparative Figures
💰 Method for Deriving Peak End-of-Day Funding Amounts
💰 Finance & RevenueFunding Calculation, Peak End-of-Day, Securities Purchase, Banking Group, Accounting Period