✨ Banking Regulations Definitions
2356 NEW ZEALAND GAZETTE, No. 88 24 JUNE 2011
premises, in relation to a registered bank, means any staffed premises of the registered bank, or an agency of the registered bank, to which the registered bank’s customers or potential customers have access in order to conduct banking business
qualifying interest has the same meaning as in section 2(1) of the Act
qualifying revolving retail exposures has the same meaning as in Capital Adequacy Framework (Internal Models Based Approach) (BS2B)
rate insensitive assets means that amount of the financial assets held by the banking group that the registered bank reasonably believes is unlikely to be diminished or increased as a result of a material change in market interest rates if the interest rate applicable to that financial asset (which may be zero) does not change or does not change materially
rate insensitive liabilities means that amount of the financial liabilities held by the banking group that the registered bank reasonably believes is unlikely to be diminished or increased as a result of a material change in market interest rates if the interest rate applicable to that financial liability (which may be zero) does not change or does not change materially
rate insensitive product means a rate insensitive asset or a rate insensitive liability
real estate asset acquired through the enforcement of security means any land or building which is legally owned as the result of enforcing security, other than a building occupied by the bank
register means the register of registered banks maintained under section 69 of the Act
registered bank has the same meaning as in section 2(1) of the Act
related party has the same meaning as in NZ IAS 24
responsible person means a person authorised in writing by a director to sign the disclosure statement in accordance with section 82 of the Act
restructured asset has the same meaning as in NZ IFRS 7
short form disclosure statement means a disclosure statement that comprises the documents set out in clause 5(1)
subsidiary means a subsidiary within the meaning of sections 5 to 8 of the Companies Act 1993
third quarter accounting period means—
(a) the first 9 month period of an accounting period; or
(b) if clause 21 applies, the third quarter accounting period determined by the Reserve Bank
tier one capital, in relation to—
(a) an overseas bank or overseas banking group, means the amount of tier one capital held by the overseas bank or overseas banking group determined in accordance with the requirements of the authority having the power to impose minimum capital requirements on that overseas bank or overseas banking group in its country of domicile; and
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NZ Gazette 2011, No 88
✨ LLM interpretation of page content
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Registered Bank Disclosure Statement (Off-Quarter—New Zealand Incorporated Registered Banks) Order 2011
(continued from previous page)
💰 Finance & Revenue20 June 2011
Banking regulations, Disclosure statement, Reserve Bank of New Zealand Act, Order in Council, Financial reporting group, Capital adequacy