✨ Banking Regulation Order
24 JUNE 2011 NEW ZEALAND GAZETTE, No. 87 2215
ultimate holding company, in relation to a registered bank, means the body corporate that—
(a) is the registered bank’s holding company; and
(b) is not itself a subsidiary of another body corporate; and
(c) is not a bank
ultimate parent bank, in relation to a registered bank, means the bank that—
(a) is the registered bank’s holding company; and
(b) is not itself a subsidiary of another bank
working day means a day of the week on which the head office of a branch in New Zealand is open for business.
(2) A term or expression that is used in this Order and not defined in it or in the Act—
(a) if defined in a registered bank’s conditions of registration, has in relation to the registered bank the same meaning as under its conditions of registration; or
(b) if paragraph (a) does not apply and if applicable, must be interpreted in a way that complies with generally accepted accounting practice.
(3) A reference in this Order to material which is incorporated by reference under the Act refers to the material as it exists on the day this Order commences together with any amendments to the material that are promulgated before or on the day this Order commences.
(4) To avoid doubt, the promulgated amendments referred to in subsection (3) do not need to be in force or to apply when this Order commences to have effect after the commencement of this Order.
5 Accounting periods for disclosure statements
(1) A full year accounting period is—
(a) the 12 month period that begins on the day after one balance date and ends on the next balance date;
(b) the period longer or shorter than 12 months that begins on the day after one balance date and ends on the next balance date due to—
(i) the date of the registered bank’s incorporation;
(ii) a change of the registered bank’s balance date; or(c) for a first disclosure statement, the period determined by the Reserve Bank.
(2) Balance date means—
(a) in subclause (1), the balance date of the registered bank under section 7 of the Financial Reporting Act 1993; or
(b) for a first disclosure statement, the date determined by the Reserve Bank.
(3) A half year accounting period—
(a) if subclause (1)(a) applies, is the first 6 month period of a full year accounting period; or
(b) if subclause (1)(b) applies, is the period determined by the Reserve Bank under subclause (8).
(4) A first quarter accounting period—
(a) if subclause (1)(a) applies, is the first 3 month period of a full year accounting period; or
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NZ Gazette 2011, No 87
✨ LLM interpretation of page content
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Registered Bank Disclosure Statements (Overseas Incorporated Registered Banks) Order (No 2) 2011
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💰 Finance & Revenue20 June 2011
Banking regulation, Disclosure statements, Reserve Bank of New Zealand, Overseas banks, Financial transparency, Audit reports, Risk management, Asset quality, Credit exposures