New Zealand Gazette – 2008 – No. 40

Page 936

✨ Banking Definitions and Disclosure Statements



936 NEW ZEALAND GAZETTE, No. 40 27 FEBRUARY 2008

ultimate holding company, in relation to a registered bank,
means the body corporate that—

(a) is the registered bank’s holding company; and

(b) is not itself a subsidiary of another body corporate; and

(c) is not a bank

ultimate parent bank, in relation to a registered bank, means
the bank that—

(a) is the registered bank’s holding company; and

(b) is not itself a subsidiary of another bank

voting security has the same meaning as in section 2(1) of the
Act

working day means a day of the week on which the head office
of a registered bank is open for business.

(2) A term or expression that is used in this order, but not defined
in it—

(a) has, in relation to a registered bank whose conditions of
registration define the term or expression, the same
meaning as in those conditions of registration, as
amended from time to time; or

(b) has, if paragraph (a) does not apply and the term or
expression is defined in the Act, the same meaning as in
the Act; or

(c) must, if neither paragraph (a) nor paragraph (b) applies,
be interpreted in a way that complies with generally
accepted accounting practice, where applicable.

Part 1

Form, frequency, publication, and auditing of disclosure statements

5 Disclosure statement

(1) The disclosure statement of a registered bank comprises—

(a) a key information summary; and

(b) a general disclosure statement; and

(c) a supplemental disclosure statement (if any).

(2) A requirement that applies to a disclosure statement applies to
each of the documents referred to in subclause (1).

6 First disclosure statement

(1) The first disclosure statement required by this order for a
registered bank that is a registered bank before 30 March 2008
is for the first balance date that occurs after 30 March 2008.

(2) The first disclosure statement required by this order for a
registered bank that becomes a registered bank on or after 30
March 2008 is for the balance date determined by the Reserve
Bank, which may be a date that is before or after the date on
which the registered bank became a registered bank.

(3) If subclause (2) applies, a reference in this order to a balance
date is to be read as if it were a reference to the balance date
determined by the Reserve Bank.



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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 2008 (continued from previous page)

💰 Finance & Revenue
Banking, Definitions, Registered Banks, Financial Instruments, Capital Adequacy, Disclosure Statements