✨ Banking Regulations
2474 NEW ZEALAND GAZETTE, No. 88 24 JUNE 2011
(e) making a copy of its most recent key information summary, general short form disclosure statement, and supplemental disclosure statement (if any), readily accessible on the registered bank’s website; and
(f) if the registered bank provides banking accounts to customers through a branch that is not normally physically accessible by the customers of that branch,—
(i) notifying each customer of that branch of the availability of its most recent key information summary; and
(ii) stating that the key information summary is available immediately on request and at no charge.
(2) Subclause (1)(c) does not apply if the content of a supplemental disclosure statement is included in the general short form disclosure statement.
(3) For the purposes of subclause (1), publication period, in relation to a registered bank, means the period that—
(a) starts on the date on which the short form disclosure statement of the registered bank is first published; and
(b) ends on the date on which the next disclosure statement of the registered bank is first published.
Part 2
Content of short form disclosure statements
Subpart 1—General requirements
10 Information must be in English
(1) All information in the short form disclosure statement of a registered bank must be in English.
(2) Nothing in subclause (1) applies to copies of guarantee contracts.
11 Short form disclosure statement not to be false or misleading
In addition to the information that is required by this order, the short form disclosure statement of a registered bank—
(a) must contain such other information that, in the opinion of the directors and New Zealand chief executive officer, is necessary or desirable to ensure that the short form disclosure statement is not false or misleading in any material particular; and
(b) except as otherwise expressly provided in this order, may contain any other information that the directors and New Zealand chief executive officer consider appropriate.
12 Requirements when registered bank is unable to disclose information
Subject to clause 14(3), if a registered bank is unable because of systems limitations or because of circumstances beyond its
Next Page →
✨ LLM interpretation of page content
💰
Ongoing publication of short form disclosure statement
(continued from previous page)
💰 Finance & RevenueBanking regulations, Disclosure statement, Reserve Bank, Key information summary, Website publication, Customer requests
💰 Content requirements for short form disclosure statements
💰 Finance & RevenueBanking regulations, Disclosure statement, English language, Accuracy, Director responsibilities
NZ Gazette 2011, No 88