✨ Banking Regulation Definitions
1056 NEW ZEALAND GAZETTE, No. 40 27 FEBRUARY 2008
3
Application
This order applies to every registered bank incorporated
overseas.
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(1) Interpretation
In this order, unless the context otherwise requires,—
accounting period has the same meaning as in section 2(1) of
the Companies Act 1993
Act means the Reserve Bank of New Zealand Act 1989
address for service, in relation to—
(a) an individual, means the address of their usual place of
business in New Zealand or, if no such address exists,
the address of their usual place of business outside New
Zealand; or
(b) a company, means the address for service adopted by
the company under section 192 of the Companies Act
1993; or
(c) any other entity, means the address of its principal
office or principal place of business in New Zealand or,
if no such address exists, its principal office or principal
place of business outside New Zealand
allowance for credit impairment loss means an amount which
has been created against identified credit losses or in respect of
an identified deterioration in the value of any asset or class of
asset attributable to an increase in credit risk as set out in NZ
IAS 39 paragraphs 58 to 62
applicable financial reporting standard has the same
meaning as in section 2(1) of the Financial Reporting Act 1993
approved financial reporting standard has the same meaning
as in section 2(1) of the Financial Reporting Act 1993
asset acquired through the enforcement of security means
any asset that is legally owned as the result of enforcing
security, other than a building occupied by the bank
associated person has the same meaning as in section 2(2) of
the Act
balance date means the last day of an accounting period or
interim accounting period (as applicable)
bank means a registered bank or an overseas bank
banking group, in relation to a registered bank,—
(a) means the financial reporting group; but
(b) if the Reserve Bank has, by notice in writing to the
registered bank, after consultation with the registered
bank, agreed to or required the inclusion or exclusion of
any entity or any part of any entity, means the financial
reporting group including or excluding that entity or
that part of that entity, as the case may be
capital, in relation to an overseas bank or overseas banking
group, means the amount of capital held by the overseas bank
or overseas banking group, determined in accordance with the
requirements of the authority having the power to impose
minimum capital requirements on that overseas bank or
overseas banking group in its country of domicile
Capital Adequacy Framework (Basel I Approach) (BS2)
means the current version of the Reserve Bank document
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2008, No 40
Gazette.govt.nz —
NZ Gazette 2008, No 40
✨ LLM interpretation of page content
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Registered Bank Disclosure Statement Order
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💰 Finance & Revenue25 February 2008
Banking, Disclosure, Order, Reserve Bank, Capital Adequacy, Risk Management, Audit Requirements