✨ Bank Disclosure Statements
NEW ZEALAND GAZETTE, No. 87
24 JUNE 2011
(b) if subclause (1)(b) applies, is the period determined by the Reserve Bank under subclause (8).
(5) A third quarter accounting period—
(a) if subclause (1)(a) applies, is the first 9 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).
(6) A fourth quarter accounting period is the period determined by the Reserve Bank under subclause (8) but occurs only if—
(a) subclause (1)(b) applies and the full year accounting period is 14 months or more; and
(b) after consultation with the registered bank, the Reserve Bank requires a fourth quarter accounting period.
(7) An off quarter accounting period is—
(a) a first quarter accounting period;
(b) a third quarter accounting period; or
(c) a fourth quarter accounting period.
(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.
Part 1
General requirements for disclosure statements
6
(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.
Next Page →
NZ Gazette 2011, No 87
✨ LLM interpretation of page content
💰
Registered Bank Disclosure Statements (Overseas Incorporated Registered Banks) Order (No 2) 2011
(continued from previous page)
💰 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