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New Zealand Gazette – 2008 – No. 40

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✨ Banking Regulations

1068

NEW ZEALAND GAZETTE, No. 40

27 FEBRUARY 2008

(a)

(2)

if paragraph (b) does not apply and the general
disclosure statement states that a person guarantees any
material obligations of the overseas bank,—
(i) a copy of the full guarantee contract; and
(ii) a copy of the most recent financial statements
and group financial statements of the guarantor;
and
(iii) a copy of the auditor’s report (if any) for those
statements:
(b)
if the general disclosure statement states that a person
has entered into any material cross guaranteeing
arrangements with the overseas bank a copy of the full
guarantee contract if—
(i) 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)
a copy of the most recent publicly available financial
statements of the overseas bank and overseas banking
group:
(d)
if the overseas bank carries on in New Zealand any
insurance business that is outside the banking group, a
copy of the most recent publicly available financial
statements and group financial statements of that
insurance business:
(e)
if the overseas bank carries on in New Zealand any nonfinancial activities that are outside the banking group, a
copy of the most recent publicly available financial
statements and group financial statements of those nonfinancial activities:
(f)
any additional information or explanations required to
ensure 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
disclosure statement.

Part 3
Miscellaneous provisions

Length of interim accounting period

25
(1)

(2)

Length of interim accounting period
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

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