✨ Banking Disclosure Regulations
2358 NEW ZEALAND GAZETTE, No. 88 24 JUNE 2011
Part 1
Form, frequency, and publication of short form disclosure statements
5 Short form disclosure statement
(1) The short form disclosure statement of a registered bank comprises—
(a) a key information summary; and
(b) a general short form disclosure statement; and
(c) a supplemental disclosure statement (if any).
(2) A requirement that applies to a short form disclosure statement applies to each of the documents referred to in subclause (1).
6 First short form disclosure statement
The first short form disclosure statement required by this order for a registered bank is for the first off-quarter balance date that occurs on or after 30 June 2011.
7 Timing of first publication of short form disclosure statement
(1) A registered bank must first publish its key information summary, general short form disclosure statement, and its supplemental disclosure statement (if any)—
(a) in the manner specified in clause 8; and
(b) on the same date.
(2) The date referred to in subclause (1)(b) must be no later than 2 months after each off-quarter balance date unless subclause (3) applies.
(3) The date referred to in subclause (1)(b) must be no later than 3 months after each off-quarter balance date if—
(a) the general short form disclosure statement is subject to review or audit by an external auditor; and
(b) the extent of review or audit is not less than that which is required in respect of a disclosure statement under the Registered Bank Disclosure Statement (Full and Half-Year—New Zealand Incorporated Registered Banks) Order 2011.
8 First publication of short form disclosure statement
On the applicable date referred to in clause 7, a registered bank must first publish its short form disclosure statement by—
(a) delivering a signed short form disclosure statement to the Reserve Bank; and
(b) prominently displaying a copy of its key information summary at—
(i) the registered bank’s head office; and
(ii) every branch of the registered bank; and
(iii) every other premises of an agency of the registered bank primarily engaged in the business of the registered bank; and
(c) making a copy of its key information summary, general short form disclosure statement, and supplemental disclosure statement (if any), readily accessible on the registered bank’s website.
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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