23 FEBRUARY 2007 NEW ZEALAND GAZETTE, No. 21 469

(f) Real Estate Asset Acquired Through the Enforcement of Security means a land or building asset acquired through
the enforcement of security;

(g) Non-Accrual Asset and Restructured Asset are deemed to refer to an "Other individually impaired asset" and a
"Restructured asset" respectively, which shall be defined as follows:

(i) "Other individually impaired asset" means any Credit Exposure that is individually determined to be
impaired at reporting date in accordance with NZ IAS 39 paragraphs 58 to 62 but is not a Restructured asset
or an Asset Acquired Through the Enforcement of Security;

(ii) "Restructured asset" means any Credit Exposure for which:

(A) the original terms have been changed to grant the Counterparty a concession that would not have
otherwise been available, due to the Counterparty’s difficulties in complying with the original terms;

(B) the revised terms of the facility are not comparable with the terms of new facilities with comparable
risks; and

(C) the yield on the asset following restructuring is equal to, or greater than, the institution’s average cost
of funds, or that a loss is not otherwise expected to be incurred;

where, in this subclause 2(5)(g), the term Credit Exposure shall have the same meaning as in subclause 2(4) of Part
I of this Order;

(h) Impaired Asset is deemed to mean an "Other individually impaired asset", a "Restructured asset", or an "Asset
acquired through the enforcement of security";

(i) Any other definition contained in FRS-33, except for the definition of Counterparty, is deemed to refer to and have
the meaning of:

(i) the corresponding definition, meaning, interpretation or guidance contained in NZ IAS 30 or NZ IFRS 7, as
applicable;

(ii) or where NZ IAS 30 or NZ IFRS 7 is not applicable, the corresponding definition, meaning, interpretation or
guidance contained in any other NZ IAS or NZ IFRS.

(6) Notwithstanding any other provisions of this Order, if as a result of the date of registration of a Company in terms of the
Companies Act 1993, or as a result of a change in the Balance Date of a Registered Bank or Company, an Accounting Period
of a Registered Bank will be shorter or longer than 12 months, the Reserve Bank may, after consultation with the Company or
the Registered Bank, determine the length of any Interim Accounting Period relating to the shorter or longer Accounting
Period.

3. Form, Frequency and Distribution of Disclosure Statement—(1) Subject to the Act, every Registered Bank shall
   Publish not later than three months after each Balance Date (or in the case of the first Disclosure Statement required by this
   Order for a Registered Bank which becomes a Registered Bank after the date this Order takes effect, within such period as the
   Reserve Bank shall specify) a Disclosure Statement which shall:

(a) contain the information that is prescribed in Part II to Part V of this Order; and

(b) comply with the Act.

(2) Disclosure Statements shall be Published in the following manner:

(a) every Registered Bank shall prominently display the Registered Bank’s most recent Key Information Summary at
the Registered Bank’s head office, every branch of the Registered Bank, every other Premises of the Registered
Bank, and every Premises of an agency of the Registered Bank primarily engaged in the business of the Registered
Bank;

(b) every Registered Bank shall provide to any person a copy of its most recent Key Information Summary
immediately upon request and at no charge;

(c) where a Registered Bank publishes information on an internet web site which includes any information directed
primarily at its New Zealand customers or potential customers, the Registered Bank shall make available or display
a copy of its most recent Key Information Summary on that internet web site;

(d) every Registered Bank shall notify each of its customers holding a Direct Banking Account of the availability of its
most recent Key Information Summary, as soon as is practicable after the publication of that Key Information
Summary, and shall state that the Key Information Summary is available immediately upon request and at no
charge;

(e) every Registered Bank shall provide a copy of its 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 of the Registered Bank, any other Premises of
the Registered Bank, or any Premises of an agency of the Registered Bank primarily engaged in the business of the
Registered Bank;

(f) 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 of the
Registered Bank, any other Premises of the Registered Bank, or any Premises of an agency of the Registered Bank
primarily engaged in the business of the Registered Bank, unless the content of a Supplemental Disclosure
Statement is included in the General Disclosure Statement; and

(g) 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: