New Zealand Gazette – 2008 – No. 40

Page 944

✨ Registered Bank Disclosure Statement Order



944 NEW ZEALAND GAZETTE, No. 40 27 FEBRUARY 2008

(d) if the general disclosure statement states that the
registered bank has calculated its aggregate credit
exposure to connected persons on a net basis,—
(i) a copy of the bilateral netting agreement; and
(ii) if applicable, a copy of the advice from an
independent third party expert that validates the
robustness of that agreement.

(e) any additional information or explanations required to
ensure the supplemental disclosure statement is not false
or misleading.

(2) Subclause (1) does not apply to the extent that the matters
required under that subclause are included in the general
disclosure statement.

Part 3

Miscellaneous provisions

Length of interim accounting period

25 Length of interim accounting period
(1) This clause applies if an accounting period of a registered bank
will be shorter or longer than 12 months as a result of—
(a) the date of registration of a company in terms of the
Companies Act 1993; or
(b) a change in the balance date (as defined in section 7 of
the Financial Reporting Act 1993) of a registered bank
or company.

(2) If this clause applies, the Reserve Bank may, after consultation
    with the company or the registered bank, determine the length
    of any interim accounting period for the shorter or longer
    accounting period.

26 Revocation
(1) The Registered Bank Disclosure Statement (Full and Half-Year
—New Zealand Incorporated Registered Banks) Order 2007 is
revoked.

(2) Despite the revocation of the Registered Bank Disclosure
    Statement (Full and Half-Year—New Zealand Incorporated
    Registered Banks) Order 2007, a disclosure statement for a
    balance date that occurred during the period that that order was
    in force must be completed, and published, in accordance with
    that order.

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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