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contained in the General Short Form Disclosure Statement. The Supplemental Disclosure Statement must be made available free of charge within five working days of a request being made for it at a bank branch or agency, or immediately from a bank’s head office. This Order in Council requires the following information to be contained in a Supplemental Disclosure Statement:

a the conditions of registration imposed by the Reserve Bank on the registered bank pursuant to section 74 of the Reserve Bank of New Zealand Act;

b the contract of guarantee and financial statements of any guarantor, where the material obligations of the registered bank or of a public issuer within the banking group are guaranteed.

A bank has two months from its off-quarter balance date to publish the disclosure statements required by this Order in Council. The exceptions to this are:

a where a bank elects to have its General Short Form Disclosure Statement audited by an external auditor; or

b where a bank has not previously published a disclosure statement under the new disclosure arrangements;

in which case the bank has three months to publish its disclosure statement.

The disclosure statements published pursuant to this Order in Council are not required to be audited nor to be subject to a limited review.

The Reserve Bank of New Zealand Act provides for criminal and civil penalties where a bank’s disclosure statement is found to be false or misleading.

This Order in Council is administered in the Reserve Bank of New Zealand.

au7555

Registered Bank Disclosure Statement (Full and Half-Year—Overseas Incorporated Registered Banks) Order 1995

CATHERINE A. TIZARD, Governor-General
ORDER IN COUNCIL

At Wellington this 14th day of November 1995

Present:

THE HON. DOUG KIDD PRESIDING IN COUNCIL

Pursuant to section 81(1) of the Reserve Bank of New Zealand Act 1989, Her Excellency the Governor-General, acting by and with the advice and consent of the Executive Council, and on the advice of the Minister of Finance given in accordance with a recommendation of the Reserve Bank of New Zealand, hereby makes the following Order.

A n a l y s i s

1. Title, Application and Commencement

Part I—Preliminary

2. Interpretation

3. Form, Frequency and Distribution of Disclosure Statement

4. General Provisions Relating to Content of Disclosure Statement

Part II—Key Information Summary

5. Content of Key Information Summary

Part III—General Disclosures to be Contained in General Disclosure Statement

6. General Matters

7. Guarantee Arrangements

8. Registered Bank: Directorate and Auditors

9. Conditions of Registration

10. Pending Proceedings or Arbitration

11. Credit Ratings

Part IV—Financial and Supplementary Disclosures to be Contained in General Disclosure Statement

12. Content of Financial and Supplementary Disclosures

13. Historical Summary of Financial Statements

14. Members of Banking Group

15. Auditor’s Report

16. Other Material Matters

17. The Directors’ Statement

18. Financial Statements of the Overseas Bank and Overseas Banking Group

Part V—Supplemental Disclosure Statement

19. General Matters

20. Guarantors

21. Conditions of Registration

22. Financial Statements of the Overseas Bank and Overseas Banking Group

Schedules

1. Supplementary Financial Disclosures, Risk Concentrations and Asset Quality

2. The Size and Nature of Business of the Registered Bank and Banking Group

3. Capital Adequacy of the Overseas Bank and Overseas Banking Group

4. Concentration of Credit Exposures to Individual Counterparties

5. Securitisation, Funds Management and Other Fiduciary Activities

6. Risk Management Policies

O r d e r

1. Title, Application and Commencement—(1) This Order may be cited as the Registered Bank Disclosure Statement (Full and Half-Year—Overseas Incorporated Registered Banks) Order 1995.

(2) This Order applies to every Registered Bank incorporated overseas.

(3) This Order shall come into force on the 1st day of January 1996.

(4) The first Disclosure Statement required by this Order in respect of a Registered Bank shall be in respect of the first Balance Date which occurs after 1 January 1996.

Part I

Preliminary

2. Interpretation—(1) Any term or expression used in this Order that is not defined in this Order:

(a) which is defined in the Act shall, unless the context otherwise requires, have the meaning given to it by the Act;

(b) which is not defined in the Act and which is defined in the Conditions of Registration shall, unless the context otherwise requires, have the meaning given to it by the Conditions of Registration; and