✨ Financial Disclosure Requirements
570 NEW ZEALAND GAZETTE, No. 21 21 FEBRUARY 2014
(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.
7 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.
8 Material cross guarantees
(1) If a person has entered into a material cross guaranteeing arrangement with the registered bank that relates to the branch, 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.
(3) The matters required to be disclosed under clause 6(5) as if the clause applied to:
(a) the guarantees of the obligations of the registered bank that relate to the branch; and
(b) the guarantees the registered bank has given in respect of the person’s obligations.
(4) If the registered bank’s most recent full year disclosure statement contains further information about the cross guaranteeing arrangement:
(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 cross guaranteeing arrangements since the date on which the signing of that disclosure statement was completed, a description of those changes.
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NZ Gazette 2014, No 21
✨ LLM interpretation of page content
💰 Disclosure requirements for guarantees
💰 Finance & RevenueDisclosure, Guarantees, Financial obligations, Material changes
💰 Summary information on government guarantors and guaranteed obligations
💰 Finance & RevenueGovernment guarantors, Guaranteed obligations, Disclosure, Expiry dates
💰 Material cross guarantees
💰 Finance & RevenueCross guarantees, Disclosure, Guaranteeing arrangements