17 NOVEMBER

NEW ZEALAND GAZETTE

4385

most recent General Disclosure Statement at no charge, immediately to any person requesting a copy where the request is made at the Registered Bank’s head office and within five Working Days where the request is made at any branch or agency of the Registered Bank;

(d) every Registered Bank shall provide a copy of its most recent Supplemental Disclosure Statement, or such part of it as is requested, at no charge, immediately to any person requesting a copy where the request is made at the Registered Bank’s head office and within five Working Days where the request is made at any branch or agency of the Registered Bank, unless the content of a Supplemental Disclosure Statement is included in the General Disclosure Statement; and

(e) every Registered Bank shall deliver a copy of its most recent Disclosure Statement to the Reserve Bank on the Publication Date.

4. General Provisions Relating to Content of Disclosure Statement—

(1) (a) In addition to the information which is required by this Order, a Disclosure Statement:

(i) shall contain such other information as in the opinion of the Directors it is necessary or desirable to include so as to ensure that any information contained in the Disclosure Statement is not false or misleading in any Material particular; and

(ii) subject to any express provision to the contrary in this Order, may contain such other information as the Directors consider appropriate.

(b) A Disclosure Statement shall not contain any offer (within the meaning of that term as defined in section 2 of the Securities Act 1978) of any Debt Securities, but may contain information required for the purposes of regulation 21 (2) and regulation 22 (d) of the Securities Regulations 1983.

(2) Subject to the Act and this clause, nothing in this Order shall limit the provisions of any other enactment.

(3) Where this Order requires or permits a Disclosure Statement to incorporate information about any person, business, or group in respect of a stated period, that information need not relate to any part of that period for which the person, business, group or any part thereof did not exist. Where the Disclosure Statement contains information in respect of a period that is less than the stated period, it shall identify the period in respect of which the information is provided.

(4) The Disclosure Statement shall not state or imply that a person is, or intends to become, a shareholder of the Registered Bank, or of a member of the Banking Group, without also stating whether that person guarantees any of the obligations of the Registered Bank or any member of the Banking Group.

(5) Subject to subclause (6) of this clause, where a Registered Bank is unable:

(a) because of systems limitations or because of circumstances beyond its control to disclose information which the Registered Bank would, pursuant to this Order, be required to disclose, the Disclosure Statement shall:

(i) state that fact, and an explanation of the circumstances; and

(ii) contain information which is the closest available alternative to that required to be disclosed pursuant to this Order; or

(b) to disclose peak end-of-day information for that part of an Accounting Period which precedes the date on which this Order comes into force, the Registered Bank may disclose peak end-of-day information in respect of the period commencing with the date on which this Order comes into force.

(6) A Registered Bank need not disclose comparative information where this information is not readily available, provided that comparative information shall be deemed to be readily available 12 months after the date at which such information was first required to be Published.

Part II

Key Information Summary

5. Content of Key Information Summary—

(1) Subject to subclause (2) of this clause, the Key Information Summary shall contain, in the same order and under the same headings, the information required to be disclosed pursuant to subclause (7) of this clause, as at the Registered Bank’s Balance Date or for the Accounting Period or Interim Accounting Period, as the case may be, unless otherwise stated.

(2) If a Key Information Summary would be false or misleading as a result of stating the information required to be disclosed pursuant to subclause (7) of this clause, additional information and explanations that will make the Key Information Summary not false or misleading shall also be stated under the relevant heading.

(3) The information required to be disclosed pursuant to subclause (7) (d) to (i) of this clause shall relate to the Banking Group.

(4) Where applicable, the information contained in the Key Information Summary shall be taken from the information contained in the General Disclosure Statement.

(5) The Key Information Summary may contain additional information, to which the information stated pursuant to subclause (7) of this clause may refer by way of note, provided that such information is set out after the information required to be disclosed pursuant to subclause (7) of this clause.

(6) The information required to be disclosed pursuant to subclause (7) (d) to (i) of this clause shall include comparative figures for the previous corresponding period.

(7) The Key Information Summary shall contain:

(a) Corporate information—

(i) the name of the Registered Bank;

(ii) if applicable, the name of any person that is the Ultimate Parent Bank of the Registered Bank and its country of domicile;

(iii) if applicable, the name of any person that is the Ultimate Holding Company of the Registered Bank and its country of domicile;

(b) Credit rating—

(i) a statement as to whether the Registered Bank has a credit rating applicable to its long term senior unsecured obligations payable in New Zealand, in New Zealand dollars; and

(ii) if so, with respect to each such rating:

(A) the name of the person who gave the credit rating;

(B) the current rating and all qualifications to that rating;

(C) any changes made to the rating in the two years preceding the Balance Date and the date on which any such change occurred;

(c) Guarantors—

(i) a statement as to whether the Material obligations