New Zealand Gazette – 2008 – No. 40

Page 943

✨ Banking Disclosure Regulations



27 FEBRUARY 2008 NEW ZEALAND GAZETTE, No. 40 943

23 Financial statements for interim accounting period

(1) Subject to subclause (4), the general disclosure statement for
the interim accounting period, must contain or be accompanied
by financial statements of—

(a) the registered bank; and

(b) the banking group.

(2) The financial statements referred to in subclause (1) must be
prepared in accordance with the requirements of the Financial
Reporting Act 1993 as if—

(a) the interim accounting period were an accounting
period; and

(b) every reference in that Act to a group were a reference
to the banking group; and

(c) the registered bank and the banking group do not
qualify for any exemptions under any differential
reporting framework that applies to them; and

(d) the registered bank and the banking group do not
qualify for the reporting exemption provided in
paragraph (a) of the definition of "financial institution"
in paragraph E23 of NZ IFRS 7.

(3) The financial statements referred to in subclause (1) must be
presented in New Zealand dollars.

(4) Nothing in this clause requires an auditor to state whether, in
the auditor’s opinion, the financial statements give a true and
fair view of the matters to which they relate.

Supplemental disclosure statement

24 Information to be included in supplemental disclosure

statement

(1) The supplemental disclosure statement must include only the
following information (if it applies):

(a) the supplementary information prescribed in
Schedule 10:

(b) if paragraph (c) does not apply, and the general
disclosure statement states that a person guarantees any
material obligations of the registered bank,—

(i) a copy of the full guarantee contract; and

(ii)    a copy of the most recent financial statements
and group financial statements of the guarantor;
and

(iii)   a copy of the auditor’s report (if any) for those
financial statements:

(c) if the general disclosure statement states that a person
has entered into any material cross guaranteeing
arrangements with the registered bank, a copy of the full
guarantee contract if—

(i) there is a single contract that sets out the rights
and obligations of all the cross guarantors; or

(ii)    there is a standard contract which is
representative of the rights and obligations of
each of the cross guarantors;


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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