✨ Banking Disclosure Amendment Orders
10 NOVEMBER 2008 NEW ZEALAND GAZETTE, No. 173 4469
(4) If the government guarantee has an expiry date,—
(a) a statement of the date the guarantee expires; and
(b) if the registered bank has an option to roll over or renew the guarantee, a statement explaining that option.
11 Clause 7 of Schedule 3 amended
Replace clause 7 of Schedule 3 with:
“7 Availability of guarantee contracts
(1) If the guarantee is provided under a contract, a statement—
(a) that a copy of the registered bank’s guarantee contract is included in its most recent supplemental disclosure statement; and
(b) that its most recent supplemental disclosure statement is available at no charge—
(i) via an Internet site maintained by or on behalf of the registered bank;
(ii) immediately, if a request is made at the registered bank’s head office; and
(iii) within 5 working days of a request, if a request is made at another place specified by the registered bank.
(2) Subclause (1) does not apply if the full guarantee contract is included in the registered bank’s general disclosure statement.”
12 Clause 8 of Schedule 3 amended
In clause 8(3) of Schedule 3, replace “clause 6(2) to (5)” with “clause 6(2) to (6)”.
REBECCA KITTERIDGE, Clerk of the Executive Council.
Explanatory note
This note is not part of the order, but is intended to indicate its general effect.
This order, which comes into force on 17 November 2008, amends the Registered Bank Disclosure Statement (Full and Half-Year—New Zealand Incorporated Registered Banks) Order 2008, published in a Supplement to the New Zealand Gazette, 27 February 2008, No. 40, at page 928 (as amended by the Registered Bank Disclosure Statement (Full and Half-Year—New Zealand Incorporated Registered Banks) Order 2008 Amendment Order 2008, published in the New Zealand Gazette, 28 August 2008, No.133, at page 3496) to provide for disclosures to be made in respect of the New Zealand deposit guarantee scheme first announced on 12 October 2008 and similar overseas schemes.
This order is administered by the Reserve Bank of New Zealand
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NZ Gazette 2008, No 173
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Registered Bank Disclosure Statement Amendment Orders
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💰 Finance & Revenue4 November 2008
Banking, Disclosure, Amendment Orders, Registered Banks, Government Guarantee, Guarantees, Schedule 3
- REBECCA KITTERIDGE, Clerk of the Executive Council
💰 Explanatory Note for Banking Disclosure Amendment Orders
💰 Finance & RevenueBanking, Disclosure, Amendment Orders, Explanatory Note, Government Guarantee