New Zealand Gazette – 2008 – No. 40

Page 1012

✨ Banking Disclosure Requirements



1012

NEW ZEALAND GAZETTE, No. 40

27 FEBRUARY 2008

(i)

(2)

there is a single contract that sets out the rights
and obligations of all the cross guarantors; or

(ii)

there is a standard contract that is representative
of the rights and obligations of each of the cross
guarantors:

(c)

if the general short form disclosure statement states that
a registered bank has calculated its aggregate credit
exposure to connected persons on a net basis,—

(i)

a copy of the bilateral netting agreement; and

(ii)

if applicable, a copy of the advice from an
independent third party expert validating the
robustness of that bilateral netting agreement:

(d)

any additional information or explanations required to
ensure that the supplemental disclosure statement is not
false or misleading.

Subclause (1) does not apply to the extent that the matters
required under that subclause are included in the general short
form disclosure statement.

Part 3

Miscellaneous provisions

Length of first quarter accounting period or third quarter
accounting period (as applicable)

21

(1)

(2)

Length of first quarter accounting period or third quarter
accounting period (as applicable)

This clause applies if an accounting period of a registered bank
will be shorter or longer than 12 months as a result of—

(a)

the date of registration of a company in terms of the
Companies Act 1993; or

(b)

a change in the balance date (as defined in section 7 of
the Financial Reporting Act 1993) of a registered bank
or company.

If this clause applies, the Reserve Bank may, after consultation
with the company or the registered bank, determine the length
of any first quarter accounting period or third quarter
accounting period (as applicable) for the shorter or longer
accounting period.

Revocation

22

(1)

(2)

Revocation

The Registered Bank Disclosure Statement (Off-Quarter—
New Zealand Incorporated Registered Banks) Order 2007 is
revoked.

Despite the revocation of the Registered Bank Disclosure
Statement (Off-Quarter—New Zealand Incorporated Registered
Banks) Order 2007, a short form disclosure statement for an
off-quarter balance date that occurred during the period that
that order was in force must be completed, and published, in
accordance with that order.

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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, Shareholders, Currency disclosure, Key information summary, General short form disclosure statement, Supplemental disclosure statement, Capital adequacy, Guarantee contracts, Financial statements of guarantor