New Zealand Gazette – 2008 – No. 40

Page 1061

✨ Banking Disclosure Order Definitions



27 FEBRUARY 2008 NEW ZEALAND GAZETTE, No. 40 1061

tier one capital, in relation to an overseas bank or overseas
banking group, means the amount of tier one 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

ultimate holding company, in relation to a registered bank,
means the body corporate that—

(a) is the registered bank’s holding company; and

(b) is not itself a subsidiary of another body corporate; and

(c) is not a bank

ultimate parent bank, in relation to a registered bank, means
the bank that—

(a) is the registered bank’s holding company; and

(b) is not itself a subsidiary of another bank

working day means a day of the week on which the head office
of a registered bank is open for business.

(2) A term or expression that is used in this order, but not defined
in it,—

(a) has, in relation to a registered bank whose conditions of
registration define the term or expression, the same
meaning as in those conditions of registration, as
amended from time to time; or

(b) has, if paragraph (a) does not apply and the term or
expression is defined in the Act, the same meaning as in
the Act; or

(c) must, if neither paragraph (a) nor paragraph (b) applies,
be interpreted in a way that complies with generally
accepted accounting practice, where applicable.

Part 1

Form, frequency, publication, and auditing

of disclosure statements

5 (1) The disclosure statement of a registered bank comprises—

(a) a key information summary; and

(b) a general disclosure statement; and

(c) a supplemental disclosure statement (if any).

(2) A requirement that applies to a disclosure statement applies to
each of the documents referred to in subclause (1).

6 (1) The first disclosure statement required by this order for a
registered bank that is a registered bank before 30 March 2008
is for the first balance date that occurs after 30 March 2008.

(2) The first disclosure statement required by this order for a
registered bank that becomes a registered bank on or after
30 March 2008 is for the balance date determined by the
Reserve Bank, which may be a date that is before or after the
date on which the registered bank became a registered bank.



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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 Definitions (continued from previous page)

💰 Finance & Revenue
25 February 2008
Banking, Disclosure, Order, Reserve Bank, Definitions, Financial Instruments, Accounting Standards