✨ Banking regulations, Financial disclosure requirements
2288 NEW ZEALAND GAZETTE, No. 88 24 JUNE 2011
Based Approach) (BS2B), the supplementary information prescribed in Schedule 5; and
(d) if the registered bank has not been accredited by the Reserve Bank to use the internal models based approach to capital adequacy and is subject to a condition of registration requiring capital adequacy to be measured in accordance with Capital Adequacy Framework (Standardised Approach) (BS2A), the supplementary information prescribed in Schedule 5A; and
(e) if the registered bank has been fully accredited by the Reserve Bank to use the internal models based approach to capital adequacy and is subject to a condition of registration requiring capital adequacy to be measured primarily in accordance with Capital Adequacy Framework (Internal Models Based Approach) (BS2B), the supplementary information prescribed in Schedule 5B; and
(f) if the registered bank has been partially accredited by the Reserve Bank to use the internal models based approach to capital adequacy and is therefore subject to conditions of registration requiring capital adequacy to be measured using a methodology based on more than one of the documents Capital Adequacy Framework (Basel I Approach) (BS2), Capital Adequacy Framework (Standardised Approach) (BS2A), and Capital Adequacy Framework (Internal Models Based Approach) (BS2B), any supplementary information set out in Schedules 5, 5A and 5B that is applicable to that methodology.
(2) Subclauses (1)(b) to (1)(f) do not apply if the supplementary information is included in the financial statements prepared in accordance with clauses 22 or 23.
22 Financial statements for accounting period
(1) The general disclosure statement for the accounting period must contain or be accompanied by the financial statements of—
(a) the registered bank; and
(b) the banking group.
(2) The financial statements referred to in subclause (1) must be prepared in accordance with the requirements of the Financial Reporting Act 1993 as if—
(a) every reference in that Act to a group were a reference to the banking group; and
(b) the registered bank and the banking group do not qualify for any exemptions under any differential reporting framework that applies to them; and
(c) the registered bank and the banking group do not qualify for the reporting exemption provided by paragraph (a) of the definition of "financial institution" in paragraph E23 of NZ IFRS 7.
(3) The financial statements referred to in subclause (1) must be presented in New Zealand dollars.
Next Page →
NZ Gazette 2011, No 88
✨ LLM interpretation of page content
💰
Content requirements for general disclosure statement
(continued from previous page)
💰 Finance & RevenueBanking regulations, General disclosure statement, Capital adequacy