11 FEBRUARY 2005 NEW ZEALAND GAZETTE, No. 35

955

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
18. Financial Statements of Insurance Business and Non-Financial Activities

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
7. Exposures to Market Risk
8. Measurement of Market Risk Exposure

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 2005.

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

(3) This Order shall come into force on 30 March 2005 and replaces the Registered Bank Disclosure Statement (Off-Quarter—New Zealand Incorporated Registered Banks) Order 1998 which is hereby consequentially revoked.

(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 30 March 2005.

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 the Financial Reporting Act 1993.

(4) In this Order, unless the context otherwise requires:

“Accounting Period” has the meaning set out in the Companies Act 1993.

“Act” means the Reserve Bank of New Zealand Act 1989.

“Address for Service” in relation to:

(a) an individual, means the address of their usual place of business in New Zealand or, if no such address exists, the address of their usual place of business outside New Zealand;

(b) a company within the meaning of section 2 (1) of the Companies Act 1993, means the address for service adopted by the company under section 192 of that Act;

(c) any other entity, means the address of its principal office or principal place of business in New Zealand or, if no such address exists, its principal office or principal place of business outside New Zealand.

“Aggregate Equity Exposure” means the aggregate amount of Equity Exposure to all currencies.

“Aggregate Foreign Currency Exposure” means the aggregate amount of Foreign Currency Exposure to all currencies other than New Zealand dollars.

“Aggregate Interest Rate Exposure” means the aggregate amount of Interest Rate Exposure to all currencies.

“Aggregate Market Risk Exposure” means exposure to all, or any, of Aggregate Equity Exposure, Aggregate Foreign Currency Exposure and Aggregate Interest Rate Exposure.

“Applicable Financial Reporting Standard” has the same meaning as in section 2 of the Financial Reporting Act 1993.

“Approved Financial Reporting Standard” has the same meaning as in section 2 of the Financial Reporting Act 1993.

“Asset Acquired Through the Enforcement of Security” has the same meaning as in FRS-33, as amended from time to time.

“Balance Date” means the last day of an Accounting Period.

“Bank” means a Registered Bank or an Overseas Bank.

“Banking Group” means the Financial Reporting Group but where the Reserve Bank has, by notice in writing to the Registered Bank, after consultation with the Registered Bank, agreed to or required the inclusion or exclusion of any entity or any part of any entity, means the Financial Reporting Group including or excluding that entity or that part of that entity, as the case may be.