✨ Banking Disclosure Regulations
1110 NEW ZEALAND GAZETTE, No. 40 27 FEBRUARY 2008
7
Timing of first publication of short form disclosure statement
(1) A registered bank must first publish its key information summary, general short form disclosure statement, and its supplemental disclosure statement (if any)—
(a) in the manner specified in clause 8; and
(b) on the same date.
(2) The date referred to in subclause (1)(b) must be no later than 2 months after each off-quarter balance date unless subclause (3) applies.
(3) The date referred to in subclause (1)(b) must be no later than 3 months after each off-quarter balance date if—
(a) the general short form disclosure statement is subject to review or audit by an external auditor; and
(b) the extent of review or audit is not less than that which is required in respect of a disclosure statement in terms of the Registered Bank Disclosure Statement (Full and Half-Year—Overseas Incorporated Registered Banks) Order 2008.
8
First publication of short form disclosure statement
On the applicable date referred to in clause 7, a registered bank must first publish its short form disclosure statement by—
(a) delivering a signed short form disclosure statement to the Reserve Bank; and
(b) prominently displaying a copy of its most recent key information summary at—
(i) the registered bank’s head office; and
(ii) every branch of the registered bank; and
(iii) every other premises of the registered bank; and
(iv) every premises of an agency of the registered bank primarily engaged in the business of the registered bank; and
(c) making a copy of its most recent key information summary, general short form disclosure statement, and supplemental disclosure statement (if any), readily accessible on the registered bank’s website.
9
Ongoing publication of short form disclosure statement
(1) During the publication period, a registered bank must publish its short form disclosure statement by—
(a) providing to any person who requests it a copy of its most recent key information summary immediately on request and at no charge; and
(b) providing to any person who requests it a copy of its most recent general short form disclosure statement at no charge and—
(i) immediately on request if the request is made at the registered bank’s head office; or
(ii) within 5 working days if the request is made at a branch of the registered bank, any other premises of the registered bank, or any premises of an agency of the registered bank primarily
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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
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Timing and publication requirements for registered bank disclosure statements
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