New Zealand Gazette – 2008 – No. 40

Page 1064

✨ Bank Disclosure Statements



1064 NEW ZEALAND GAZETTE, No. 40 27 FEBRUARY 2008

(i) notifying each customer of that branch of the
availability of its most recent key information
summary that is part of its first disclosure
statement or its subsequent disclosure statement,
as the case may require; and

(ii) stating that the key information summary is
available immediately on request and at no
charge;

(2) Subclause (1)(c) does not apply if the content of a supplemental
disclosure statement is included in the general disclosure
statement.

(3) For the purposes of subclause (1), publication period, in
relation to a registered bank, means the period that—

(a) starts on the date on which the registered bank’s first
    disclosure statement or its subsequent disclosure
    statement, as the case may require, is first published;
and

(b) ends on the date on which the next disclosure statement
    of the registered bank is first published.

10 Disclosure statement to be audited

(1) The disclosure statement of a registered bank must be audited.

(2) The auditor’s reports must meet the requirements of clause 19.

Part 2

Content of disclosure statements

Subpart 1—General requirements

11 Information must be in English

(1) All information in the disclosure statement of a registered bank
must be in English.

(2) Nothing in subclause (1) applies to copies of guarantee
contracts.

12 Disclosure statement not to be false or misleading
In addition to the information that is required by this order, the
disclosure statement of a registered bank—

(a) must contain such other information that, in the opinion
    of the directors and New Zealand chief executive
    officer, is necessary or desirable to ensure that the
    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 as the directors and
    New Zealand chief executive officer consider
    appropriate.

13 Requirements when registered bank is unable to disclose
information
Subject to clause 15(3), if a registered bank is unable because
of systems limitations or because of circumstances beyond its



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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