✨ Banking Regulations
458 NEW ZEALAND GAZETTE, No. 21 28 FEBRUARY 2011
Based Approach) (BS2B), any information set out in Schedules 10 and 12 that is applicable to that methodology.
(2) Paragraphs (b) to (e) of subclause (1) do not apply if the information is included in the financial statements prepared in accordance with clause 25.
24 Financial statements for full year accounting period
(1) A full year disclosure statement of a registered bank must contain or be accompanied by the financial statements of—
(a) the registered bank; and
(b) its 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) every reference in that Act to a group were a reference to the registered bank’s banking group; and
(b) the registered bank and its banking group do not qualify for any exemptions under any differential reporting framework that applies to them.
(3) The financial statements referred to in subclause (1) must be presented in New Zealand dollars.
25 Financial statements for half year and off quarter accounting periods
(1) The half year and off quarter disclosure statement must contain or be accompanied by interim financial statements of the registered bank’s banking group prepared in accordance with NZ IAS 34.
(2) The financial statements referred to in subclause (1) must be prepared as if the registered bank’s banking group does not qualify for any exemptions under any differential reporting framework that applies to them.
(3) The financial statements referred to in subclause (1) must be presented in New Zealand dollars.
Part 3
Miscellaneous provisions
26 Revocation
(1) The Registered Bank Disclosure Statement (Full and Half-Year—New Zealand Incorporated Registered Banks) Order 2008 is revoked at the end of the day of 29 September 2011.
(2) Despite the revocation of the Registered Bank Disclosure Statement (Full and Half-Year—New Zealand Incorporated Registered Banks) Order 2008, 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.
(3) The Registered Bank Disclosure Statement (Off-Quarter—New Zealand Incorporated Registered Banks) Order 2008 is revoked at the end of the day of 29 September 2011.
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NZ Gazette 2011, No 21
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Registered Bank Disclosure Statements (New Zealand Incorporated Registered Banks) Order 2011
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💰 Finance & Revenue21 February 2011
Banking, Disclosure Statements, Registered Banks, Capital Adequacy, Financial Reporting, Reserve Bank, Accounting Standards