✨ Banking Regulations
27 FEBRUARY 2008
NEW ZEALAND GAZETTE, No. 40
(c) the most recent publicly available financial statements of the overseas bank and overseas banking group of which the registered bank is part:
(d) if the overseas bank conducts in New Zealand outside the New Zealand banking group any insurance business or non-financial activities, the most recent publicly available financial statements of that business or those activities.
A bank has 3 months after its balance date or interim balance date in which to publish the disclosure statements required by this order. The disclosure statement in respect of the end of a financial year is subject to full external audit. The disclosure statement prepared as at the half year is subject to a limited review by an external auditor, although a bank may elect to obtain a full external audit. The audit opinions at both of these periods concern whether the information disclosed gives a true and fair view of the matters to which it relates. The disclosure statements required by this order must be signed by all the directors and the New Zealand chief executive officer of the bank. A director or New Zealand chief executive officer may authorise in writing another person to sign on his or her behalf.
The Reserve Bank of New Zealand Act 1989 provides for criminal and civil penalties where a bank’s disclosure statement is found to be false or misleading.
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This Order in Council is administered in the Reserve Bank of New Zealand.
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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 2008
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💰 Finance & RevenueBanking, Disclosure, Financial Statements, IFRS, Overseas Banks, Risk Management