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made for it at a bank branch 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 a public issuer within the banking group are guaranteed;

c the most recent publicly available financial statements of the overseas bank and overseas banking group of which the registered bank is part.

A bank has three months after its balance date in which to publish the disclosure statements required by this Order in Council.

The disclosure statement in respect of the end of a financial year is subject to full external audit. The disclosure statement prepared as at the half year is subject to a limited review by an external auditor, although a bank may elect to obtain a full external audit.

The disclosure statements required by this Order in Council must be signed by all the directors of the bank. A director may authorise in writing another person to sign on his or her behalf.

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.

au7556

Registered Bank Disclosure Statement (Off-Quarter—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.

Analysis

1. Title, Application and Commencement

Part I—Preliminary

2. Interpretation

3. Form, Frequency and Distribution of Short Form Disclosure Statement

4. General Provisions Relating to Content of Short Form Disclosure Statement

Part II—Key Information Summary

5. Content of Key Information Summary

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

6. General Matters

7. Credit Ratings

8. Guarantee Arrangements

9. Conditions of Registration

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

10. Content of Financial and Supplementary Disclosures

11. Financial Statements of Overseas Bank and Overseas Banking Group

12. The Directors’ Statement

13. Auditor’s Report

Part V—Supplemental Disclosure Statement

14. General Matters

15. Guarantors

16. Conditions of Registration

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

Schedules

1. Short Form Financial Statements

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

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

4. Asset Quality

5. Concentration of Credit Exposures to Individual Counterparties

6. Risk Management Policies

Order

1. Title, Application and Commencement

(1) This Order may be cited as the Registered Bank Disclosure Statement (Off-Quarter—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 Short Form Disclosure Statement required by this Order in respect of a Registered Bank shall be in respect of the first Off Quarter 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

(c) which is not defined in the Act or in the Conditions of Registration shall, unless the context otherwise requires, be interpreted in compliance with generally accepted accounting practice (as that term is defined in section 3 of the Financial Reporting Act 1993).

(2) References in this Order to the singular include the plural and vice versa.

(3) In this Order a reference to an ‘FRS’ is a reference to a Financial Reporting Standard approved or given authoritative support from time to time by the Accounting Standards Review Board pursuant to sections 24 and 27 of the Financial Reporting Act 1993.