✨ Banking Disclosure Regulations
24 JUNE 2011 NEW ZEALAND GAZETTE, No. 88 2285
(i) notifying each customer of that branch of the availability of its most recent key information summary that is part of its first disclosure statement or its subsequent disclosure statement, as the case may require; and
(ii) stating that the key information summary is available immediately on request and at no charge.
(2) Subclause (1)(c) does not apply if the content of a supplemental disclosure statement is included in the general disclosure statement.
(3) For the purposes of subclause (1), publication period, in relation to a registered bank, means the period that—
(a) starts on the date on which the registered bank’s first disclosure statement or its subsequent disclosure statement, as the case may require, is first published; and
(b) ends on the date on which the next disclosure statement of the registered bank is first published.
10 Disclosure statement to be audited
(1) The disclosure statement of a registered bank must be audited.
(2) The auditor’s reports must meet the requirements of clause 19.
Part 2
Content of disclosure statements
Subpart 1—General requirements
11 Information must be in English
(1) All information in the disclosure statement of a registered bank must be in English.
(2) Nothing in subclause (1) applies to copies of guarantee contracts.
12 Disclosure statement not to be false or misleading
In addition to the information that is required by this order, the disclosure statement of a registered bank—
(a) must contain such other information that, in the opinion of the directors, is necessary or desirable to ensure that the disclosure statement is not false or misleading in any material particular; and
(b) except as otherwise expressly provided in this order, may contain any other information that the directors consider appropriate.
13 Requirements when registered bank is unable to disclose information
Subject to clause 15(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—
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NZ Gazette 2011, No 88
✨ LLM interpretation of page content
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Ongoing publication of first and subsequent disclosure statements
(continued from previous page)
💰 Finance & RevenueDisclosure statements, Banking regulations, Reserve Bank, Publication requirements
💰 Disclosure statement to be audited
💰 Finance & RevenueAuditing, Banking regulations, Disclosure statements
💰 Content of disclosure statements
💰 Finance & RevenueBanking regulations, Disclosure statements, English language requirements
💰 Disclosure statement not to be false or misleading
💰 Finance & RevenueBanking regulations, Disclosure statements, Truthfulness
💰 Requirements when registered bank is unable to disclose information
💰 Finance & RevenueBanking regulations, Disclosure statements, Exemptions