New Zealand Gazette – 2007 – No. 72

Page 1844

✨ Financial Reporting Exemption



1844

NEW ZEALAND GAZETTE, No. 72

6

26 JUNE 2007

(b) The Registrar is satisfied that the quality and content of the financial
information included in the FFIEC financial statements is not substantially
different to the financial information that would be included in financial
statements and group financial statements prepared in accordance with
NZ GAAP. The exemption will allow Citibank N.A. to file with the
Registrar the FFIEC compliant consolidated financial statements for
Citibank N.A. and the Citibank N.A. group of companies in place of
financial statements and group financial statements in compliance with NZ
GAAP. The Registrar is also satisfied that the FFIEC compliant
consolidated financial statements do not need to be accompanied by an
auditor’s report when they are delivered for registration.

(c) The Registrar is satisfied that the exemption is not broader than what is
reasonably necessary to address the matters that gave rise to the
exemption.

Consultation

In accordance with section 35C(1)(b) of the Act, in deciding whether or not to grant
this exemption under section 35B, the Registrar of Companies has consulted the
Reserve Bank of New Zealand.

Dated at Wellington this 21st day of June 2007.

Elisabeth Ruth Thomson
Deputy Registrar of Companies

PUBLISHED BY THE
DEPARTMENT OF INTERNAL AFFAIRS
PRINTED BY WICKLIFFE LIMITED

ISSN 0111-5650
ISSN 1177-8415

Price $2.50 (inc. GST)




Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2007, No 72


Gazette.govt.nz — PDF NZ Gazette 2007, No 72




✨ LLM interpretation of page content

💰 Notice exempting Citibank N.A. from Financial Reporting Act 1993 (continued from previous page)

💰 Finance & Revenue
21 June 2007
Exemption, Financial Reporting Act 1993, Citibank N.A., Overseas Company, Financial Statements, Accounting Practice
  • Elisabeth Ruth Thomson, Deputy Registrar of Companies