✨ Financial Regulation
24 JUNE 2011 NEW ZEALAND GAZETTE, No. 88 2425
(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) the interim accounting period were an accounting period; and
(b) every reference in that Act to a group were a reference to the banking group; and
(c) the registered bank and the banking group do not qualify for any exemptions under any differential reporting framework that applies to them; and
(d) the registered bank and the banking group do not qualify for the reporting exemption provided in 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.
(4) Nothing in this clause requires an auditor to state whether, in the auditor’s opinion, the financial statements give a true and fair view of the matters to which they relate.
Supplemental disclosure statement
24 Information to be included in supplemental disclosure statement
(1) The supplemental disclosure statement must include only the following information (if it applies):
(a) if the general disclosure statement states that a person other than a government guarantees any material obligations of the overseas bank,—
(i) a copy of the full guarantee contract; and
(ii) a copy of the most recent financial statements and group financial statements of the guarantor; and
(iii) a copy of the auditor’s report (if any) for those statements;
(aa) if the registered bank has a government guarantee that is provided by means of a contract, a copy of the guarantee contract:
(b) if the general disclosure statement states that a person has entered into any material cross guaranteeing arrangements with the overseas bank a copy of the full guarantee contract if—
(i) there is a single contract that sets out the rights and obligations of all the cross guarantors; or
(ii) there is a standard contract that is representative of the rights and obligations of each of the cross guarantors:
(c) a copy of the most recent publicly available financial statements of the overseas bank and overseas banking group:
(d) if the overseas bank carries on in New Zealand any insurance business that is outside the banking group, a copy of the most recent publicly available financial
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NZ Gazette 2011, No 88
✨ LLM interpretation of page content
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Registered Bank Disclosure Statement Order 2011
(continued from previous page)
💰 Finance & RevenueFinancial regulation, Disclosure statements, Banking terms, Publication requirements, Reserve Bank