✨ Bank Disclosure Requirements
538 NEW ZEALAND GAZETTE, No. 21 28 FEBRUARY 2011
16 Requirements when registered bank is unable to disclose information
Subject to clause 17(3), if a registered bank is unable because of systems limitations or because of circumstances beyond its control to disclose information under this Order, the disclosure statement must—
(a) state that fact, and explain those limitations or circumstances; and
(b) contain the closest available alternative to the information that must be disclosed under this Order.
17 Comparative information
(1) Any comparative information that is required to be disclosed under this Order for the previous corresponding accounting period must be restated so that it corresponds to the information disclosed for the current accounting period.
(2) If there has been a material restatement of prior period amounts, the nature of, and the reason for, the restatement must be disclosed.
(3) A registered bank need not disclose comparative information that is not readily available in the time since the last day of the previous corresponding accounting period.
18 Disclosure statement not to contain offer of securities
A disclosure statement—
(a) must not contain any offer (within the meaning of section 2 of the Securities Act 1978) of securities; but
(b) may contain information required for the purposes of regulation 38(3) of the Securities Regulations 2009.
19 Information about shareholders
The disclosure statement of a registered bank must not state or imply that a person is, or intends to become, a shareholder of the registered bank or of a member of its overseas banking group, without also stating whether that person guarantees any of the obligations of the registered bank or any member of its overseas banking group.
20 Disclosure of currency that is not New Zealand dollars
A registered bank must disclose the currency used if information is disclosed in a currency that is not New Zealand dollars.
21 Auditor’s report or review statement
(1) An auditor’s report on the full year disclosure statement of a registered bank must—
(a) include the information prescribed in clause 2 of Schedule 1; and
(b) be signed by the auditor, either in the auditor’s own name or the name of the auditor’s firm.
(2) An auditor’s report or review statement on the half year disclosure statement of a registered bank must—
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NZ Gazette 2011, No 21
✨ LLM interpretation of page content
💰
Content of Disclosure Statements
(continued from previous page)
💰 Finance & RevenueDisclosure statement, English language, False or misleading information
💰 Requirements when registered bank is unable to disclose information
💰 Finance & RevenueDisclosure statement, Systems limitations, Alternative information
💰 Comparative information
💰 Finance & RevenueComparative information, Restatement of prior period amounts
💰 Disclosure statement not to contain offer of securities
💰 Finance & RevenueDisclosure statement, Securities offer, Securities Act 1978
💰 Information about shareholders
💰 Finance & RevenueDisclosure statement, Shareholders, Guarantees
💰 Disclosure of currency that is not New Zealand dollars
💰 Finance & RevenueDisclosure statement, Currency disclosure
💰 Auditor’s report or review statement
💰 Finance & RevenueAuditor’s report, Review statement, Schedule 1