New Zealand Gazette – 2011 – No. 21

Page 534

✨ Banking Disclosure Regulations



534 NEW ZEALAND GAZETTE, No. 21 28 FEBRUARY 2011

(8) If subclause (1)(b) applies, the Reserve Bank may, after consultation with the registered bank, determine the length of any of the half year or off quarter accounting periods in the longer or shorter full year accounting period.

(b) a third quarter accounting period; or

(c) a fourth quarter accounting period.

Part 1

General requirements for disclosure statements

6 General requirements for disclosure statements

(1) A disclosure statement may be—

(a) a full year disclosure statement;

(b) a half year disclosure statement;

(c) an off quarter disclosure statement, which may be—

(i) a first quarter disclosure statement;

(ii) a third quarter disclosure statement; or

(iii) if applicable, a fourth quarter disclosure statement; or

(d) a first disclosure statement.

(2) Subject to subclause (5), a registered bank must produce—

(a) a full year disclosure statement for each full year accounting period;

(b) a half year disclosure statement for each half year accounting period;

(c) an off quarter disclosure statement for—

(i) each first quarter accounting period; and

(ii) each third quarter accounting period.

(3) If a registered bank’s full year accounting period is 14 months or more, the registered bank may also be required to produce a fourth quarter disclosure statement for a fourth quarter accounting period.

(4) When registered as a registered bank, a registered bank must produce a first disclosure statement.

(5) If a full year disclosure statement and a half year or off quarter disclosure statement are required in respect of the same accounting period, the registered bank need only produce the full year disclosure statement.

(6) Further details are set out—

(a) for full year, half year and off quarter disclosure statements in Part 2 and in the Schedules of this Order; and

(b) for first disclosure statements in clause 13.

7 Disclosure statement of overseas financial statements

(1) A disclosure statement may be an overseas financial statement.

(2) An overseas financial statement is a disclosure statement if—

(a) it is a financial statement for—

(i) the registered bank; or

(ii) the overseas banking group of the registered bank;

(b) it is publicly available in any jurisdiction; and



Next Page →



Online Sources for this page:

Gazette.govt.nz — PDF NZ Gazette 2011, No 21




✨ LLM interpretation of page content

💰 Banking Regulation Definitions (continued from previous page)

💰 Finance & Revenue
Banking regulation, Definitions, Financial instruments, Reserve Bank of New Zealand, Accounting periods

💰 General Requirements for Disclosure Statements

💰 Finance & Revenue
Disclosure statements, Full year, Half year, Off quarter, First disclosure, Accounting periods

💰 Disclosure Statement of Overseas Financial Statements

💰 Finance & Revenue
Overseas financial statements, Disclosure requirements, Public availability