✨ Banking Regulations
2472 NEW ZEALAND GAZETTE, No. 88 24 JUNE 2011
(c) must, if neither paragraph (a) nor paragraph (b) applies,
be interpreted in a way that complies with generally
accepted accounting practice, where applicable.
(3) A reference in this order to material which is incorporated by
reference under the Act refers to the material as it exists on the
day this order commences together with any amendments to the
material that are promulgated before or on the day this order
commences.
(4) To avoid doubt, the promulgated amendments referred to in
subsection (3) do not need to be in force or to apply when this
order commences to have effect after the commencement of
this order.
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 in terms
of the Registered Bank Disclosure Statement (Full and
Half-Year—Overseas Incorporated Registered Banks)
Order 2011.
Next Page →
NZ Gazette 2011, No 88
✨ LLM interpretation of page content
💰
Definitions for Banking Regulations
(continued from previous page)
💰 Finance & RevenueBanking regulations, Definitions, Financial instruments, Liabilities, Reporting