✨ Banking Regulations
NEW ZEALAND GAZETTE, No. 88
24 JUNE 2011
2290
(ii) there is a standard contract which is representative of the rights and obligations of each of the cross guarantors:
(d) if the general disclosure statement states that the registered bank has calculated its aggregate credit exposure to connected persons on a net basis,—
(i) a copy of the bilateral netting agreement; and
(ii) if applicable, a copy of the advice from an independent third party expert that validates the robustness of that agreement.
(e) any additional information or explanations required to ensure the supplemental disclosure statement is not false or misleading.
(2) Subclause (1) does not apply to the extent that the matters required under that subclause are included in the general disclosure statement.
Part 3
Miscellaneous provisions
Length of interim accounting period
25 Length of interim accounting period
(1) This clause applies if an accounting period of a registered bank will be shorter or longer than 12 months as a result of—
(a) the date of registration of a company in terms of the Companies Act 1993; or
(b) a change in the balance date (as defined in section 7 of the Financial Reporting Act 1993) of a registered bank or company.
(2) If this clause applies, the Reserve Bank may, after consultation with the company or the registered bank, determine the length of any interim accounting period for the shorter or longer accounting period.
Revocation
26 Revocation
(1) The Registered Bank Disclosure Statement (Full and Half-Year—New Zealand Incorporated Registered Banks) Order 2008 is revoked at the end of the day of 29 June 2011.
(2) Despite the revocation of the Registered Bank Disclosure Statement (Full and Half-Year—New Zealand Incorporated Registered Banks) Order 2008, a disclosure statement for a balance date that occurs during the period that order is in force must be completed, and published, in accordance with that order.
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NZ Gazette 2011, No 88
✨ LLM interpretation of page content
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Information to be included in supplemental disclosure statement
(continued from previous page)
💰 Finance & RevenueBanking regulations, Supplemental disclosure statement, Supplementary information, Guarantee contracts, Financial statements
💰 Length of interim accounting period for registered banks
💰 Finance & RevenueAccounting period, Registered banks, Financial reporting, Interim period
💰 Revocation of Registered Bank Disclosure Statement Order 2008
💰 Finance & RevenueRevocation, Disclosure statement, Banking regulations, Financial reporting