✨ Banking Disclosure Order
Order
1 Title
This order is the Registered Bank Disclosure Statement (Full and Half-Year—New Zealand Incorporated Registered Banks) Order 2011.
2 Commencement
This order comes into force on 30 June 2011.
3 Application
This order applies to every registered bank incorporated in New Zealand.
4 (1) Interpretation
In this order, unless the context otherwise requires,—
accounting period has the same meaning as in section 2(1) of the Companies Act 1993
Act means the Reserve Bank of New Zealand Act 1989
address for service, in relation to—
(a) an individual, means the address of their usual place of business in New Zealand or, if no such address exists, the address of their usual place of business outside New Zealand; or
(b) a company, means the address for service adopted by the company under section 192 of the Companies Act 1993; or
(c) any other entity, means the address of its principal office or principal place of business in New Zealand or, if no such address exists, its principal office or principal place of business outside New Zealand
affiliated insurance entity has the same meaning as in the Capital Adequacy Framework (Standardised Approach) (BS2A)
affiliated insurance group has the same meaning as in the Capital Adequacy Framework (Standardised Approach) (BS2A)
allowance for credit impairment loss means an amount which has been created against identified credit losses or in respect of an identified deterioration in the value of any asset or class of asset attributable to an increase in credit risk as set out in NZ IAS 39 paragraphs 58 to 62
applicable financial reporting standard has the same meaning as in section 2(1) of the Financial Reporting Act 1993
approved financial reporting standard has the same meaning as in section 2(1) of the Financial Reporting Act 1993
asset acquired through the enforcement of security means any asset that is legally owned as the result of enforcing security, other than a building occupied by the bank
associated person has the same meaning as in section 2(2) of the Act
balance date means the last day of an accounting period or interim accounting period (as applicable)
NEW ZEALAND GAZETTE, No. 88 24 JUNE 2011
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NZ Gazette 2011, No 88
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Registered Bank Disclosure Statement Order
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