New Zealand Gazette – 2008 – No. 40

Page 1009

✨ Banking Regulations



27 FEBRUARY 2008 NEW ZEALAND GAZETTE, No. 40 1009

11

Short form disclosure statement not to be false or misleading

In addition to the information that is required by this order, the short form disclosure statement of a registered bank—

(a) must contain such other information that, in the opinion of the directors, is necessary or desirable to ensure that the short form disclosure statement is not false or misleading in any material particular; and

(b) except as otherwise expressly provided in this order, may contain any other information that the directors consider appropriate.

12

Requirements when registered bank is unable to disclose information

Subject to clause 14(3), if a registered bank is unable because of systems limitations or because of circumstances beyond its control to disclose information under this order, the short form disclosure statement must—

(a) state that fact, and explain those limitations or circumstances; and

(b) contain the closest available alternative to the information that must be disclosed under this order.

13

(1) Information covering period less than stated period

A short form disclosure statement that contains information for a period that is less than the period for which the information is required under this order must identify the period for which the information is provided.

(2) A registered bank need not disclose information under this order about a person, business, or group for that part of a period during which the person, business, group or any part of the group did not exist.

14

(1) Comparative information

Any comparative information that is required to be disclosed under this order for the previous corresponding period must be restated so that it corresponds to the information disclosed for the current period.

(2) If there has been a material restatement of prior period amounts, the nature of, and the reason for, the restatement must be disclosed.

(3) A registered bank need not disclose comparative information that is not readily available in the 12 months after the date on which that information was first required to be published.

15

Short form disclosure statement not to contain offer of securities

A short form disclosure statement—

(a) must not contain any offer (within the meaning of section 2 of the Securities Act 1978) of securities; but

(b) may contain information required for the purposes of regulations 21(2) and 22(d) of the Securities Regulations 1983.



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2008, No 40


Gazette.govt.nz — PDF NZ Gazette 2008, No 40




✨ LLM interpretation of page content

💰 Registered Bank Disclosure Statement Order 2008 (continued from previous page)

💰 Finance & Revenue
25 February 2008
Banking, Disclosure requirements, Financial statements, Capital adequacy, Definitions, Banking terms