✨ Bank Disclosure Requirements
28 FEBRUARY 2011 NEW ZEALAND GAZETTE, No. 21 535
(c) it meets the reporting requirements that apply to the registered bank in its country of domicile.
(3) Publication by the registered bank in accordance with clause 9 is sufficient to meet the requirement under section 82 of the Act to date and sign a disclosure statement that is an overseas financial statement if the registered bank retains a signed and dated record that—
(a) authorises the publication of the overseas financial statements;
(b) is dated and signed—
(i) by the person required to date and sign the disclosure statement under section 82; and
(ii) within 2 working days of publication in accordance with clause 9; and
(c) confirms the disclosure statement is the most recent publicly available overseas financial statement of the registered bank as at the date it is signed.
(4) For the purposes of subclause (3) and in the context of section 22 of the Electronic Transactions Act 2002, the sending of an email message that contains the overseas financial statements may be appropriate to the purpose for which, and the circumstances in which, the signature is required.
8 Full and half year disclosure statements to be audited
(1) A full year disclosure statement of a registered bank must be audited.
(2) A half year disclosure statement of a registered bank must be reviewed by an auditor if it is not audited.
(3) An auditor’s report or review statement must meet the requirements of clause 21.
9 Publication on Internet
(1) A disclosure statement is published when it is made available on the registered bank’s Internet site for New Zealand.
(2) A disclosure statement published on a registered bank’s Internet site must be—
(a) publically available at no charge;
(b) readily accessible from the main landing page or front page for the registered bank’s Internet site via a link labelled “disclosure statements”; and
(c) maintained on the registered bank’s Internet site for at least 5 years after the last day on which the disclosure statement must be published.
10 Time of publication
(1) A registered bank must publish—
(a) a full year disclosure statement within 3 months of the reporting date for the full year disclosure statement;
(b) a half year disclosure statement within—
(i) 2 months of the reporting date for the half year disclosure statement; or
(ii) if the Reserve Bank considers the registered bank has reasonable grounds for not being able to comply with subparagraph (i), 3 months of the
Next Page →
NZ Gazette 2011, No 21
✨ LLM interpretation of page content
💰
Disclosure Statement of Overseas Financial Statements
(continued from previous page)
💰 Finance & RevenueOverseas financial statements, Disclosure requirements, Public availability
💰 Audit Requirements for Bank Disclosure Statements
💰 Finance & RevenueAudit, Disclosure statements, Registered banks
💰 Publication of Disclosure Statements on Internet
💰 Finance & RevenuePublication, Internet, Disclosure statements, Registered banks
💰 Timeframes for Publishing Disclosure Statements
💰 Finance & RevenueTimeframes, Publication, Disclosure statements, Registered banks