Regulatory Alerts2022-05-17
Response to Submissions on BS16 and Definition of Capital in BS2
The Reserve Bank of New Zealand issued this document to address submissions received on its June 2015 consultation regarding regulatory capital instruments under BS16 and BS2A/B. The Bank retains requirements for board attestations, tax rulings, and CET1 repayment notifications while clarifying specific procedural details and exemptions for certain payments. Additionally, the document outlines amendments to BS2A/B concerning Tier 2 solvency conditions, AT1 conversion rights, and write-off mechanisms for preference shares, with changes effective from November 2015 or January 2016.
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