✨ Bank Disclosure Statement Order
940 NEW ZEALAND GAZETTE, No. 40 27 FEBRUARY 2008
(a) state that fact, and explain those limitations or
circumstances; and
(b) contain the closest available alternative to the
information that must be disclosed under this order.
14 Information covering period less than stated period
(1) A disclosure statement that contains information for a period
that is less than the period for which the information is required
under this order must identify the period for which the
information is provided.
(2) A registered bank need not disclose information under this
order about a person, business, or group for that part of a period
during which the person, business, or group or any part of the
group did not exist.
15 Comparative information
(1) Any comparative information that is required to be disclosed
under this order for the previous corresponding period must be
restated so that it corresponds to the information disclosed for
the current period.
(2) If there has been a material restatement of prior period
amounts, the nature of, and the reason for, the restatement must
be disclosed.
(3) A registered bank need not disclose comparative information
that is not readily available in the 12 months after the date on
which that information was first required to be published.
16 Disclosure statement not to contain offer of securities
A disclosure statement—
(a) must not contain any offer (within the meaning of
section 2 of the Securities Act 1978) of securities; but
(b) may contain information required for the purposes of
regulation 21(2) and regulation 22(d) of the Securities
Regulations 1983.
17 Information about shareholders
The disclosure statement of a registered bank must not state or
imply that a person is, or intends to become, a shareholder of
the registered bank, or of a member of the banking group,
without also stating whether that person guarantees any of the
obligations of the registered bank or any member of the
banking group.
18 Disclosure of currency that is not New Zealand dollars
A registered bank must disclose the currency used if
information is disclosed in a currency that is not New Zealand
dollars.
19 Auditor’s reports
(1) The auditor’s report on the key information summary of a
registered bank must—
(a) include the information prescribed in clause 1 of
Schedule 1; and
Next Page →
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
💰
Registered Bank Disclosure Statement Order 2008
(continued from previous page)
💰 Finance & RevenueBanking, Definitions, Registered Banks, Financial Instruments, Capital Adequacy, Disclosure Statements