✨ Banking Disclosure Requirements
27 FEBRUARY 2008 NEW ZEALAND GAZETTE, No. 40 1141
(b) if the overseas bank has entered into any material cross
guaranteeing arrangements, a copy of the full guarantee
contract if there is a contract which sets out, or is representative
of, the rights and obligations of all the cross guarantors:
(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 2 months from its off-quarter balance date to publish the
disclosure statements required by this order. The exception to this is
where a bank elects to have its general short form disclosure statement
audited by an external auditor, in which case the bank has 3 months to
publish its disclosure statement.
The disclosure statements published pursuant to this order are not
required to be audited nor to be subject to a limited review by an
external auditor.
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 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
(continued from previous page)
💰 Finance & RevenueBanking, Disclosure, Financial Statements, Cross Guaranteeing, Insurance Business, Auditing, Penalties