Registered Bank Disclosure Statements (Overseas Incorporated Registered Banks) Order 2011

ANAND SATYANAND, Governor-General

Order in Council

At Wellington this 21st day of February 2011

Present:

His Excellency the Governor-General in Council

Pursuant to section 81 of the Reserve Bank of New Zealand Act 1989, His Excellency the Governor-General, acting on the advice and with the consent of the Executive Council and on the advice of the Minister of Finance given in accordance with a recommendation of the Reserve Bank of New Zealand, makes the following Order.

Contents

1 Title............................................................................................................ 529
2 Commencement......................................................................................... 529
3 Application................................................................................................. 529
4 Interpretation.............................................................................................. 529
5 Accounting periods for disclosure statements............................................ 533

Part 1—General requirements for disclosure statements

6 General requirements for disclosure statements......................................... 534
7 Disclosure statement of overseas financial statements............................... 534
8 Full and half year disclosure statements to be audited............................... 535
9 Publication on Internet............................................................................... 535
10 Time of publication.................................................................................... 535
11 Delivery to Reserve Bank........................................................................ 536
12 Requests for copies.................................................................................. 536
13 First disclosure statement........................................................................... 537

Part 2—Content of disclosure statements

Subpart 1—General requirements

14 Information must be in English.................................................................. 537
15 Disclosure statement not to be false or misleading.................................. 537
16 Requirements when registered bank is unable to disclose information............ 538
17 Comparative information......................................................................... 538
18 Disclosure statement not to contain offer of securities............................ 538
19 Information about shareholders............................................................... 538
20 Disclosure of currency that is not New Zealand dollars.......................... 538
21 Auditor’s report or review statement....................................................... 538

Subpart 2—Content of disclosure statement

22 Information to be included in full year disclosure statement..................... 539
23 Information to be included in half year disclosure statement..................... 539
24 Information to be included in off quarter disclosure statement.................. 539
25 Financial statements for full year accounting period............................... 539
26 Financial statements for half year and off quarter accounting periods....... 540

Part 3—Miscellaneous provisions

27 Revocation............................................................................................... 540
28 Transition................................................................................................. 540