✨ Banking Regulations
2846 NEW ZEALAND GAZETTE, No. 102 24 AUGUST 2012
(b) amounts owing under revolving facilities have been continuously outside of limits for at least the specified number of days
PD means a probability of default determined in accordance with Capital Adequacy Framework (Internal Models Based Approach) (BS2B)
premises means any staffed premises of the registered bank or an agency of the registered bank in New Zealand to which the registered bank’s customers or potential customers have access in order to conduct banking business
qualifying revolving retail exposures has the same meaning as in Capital Adequacy Framework (Internal Models Based Approach) (BS2B)
reporting date means the last day of the accounting period for a disclosure statement
responsible person means a person authorised in writing by a director to sign the disclosure statement of a registered bank in accordance with section 82 of the Act
subsidiary means a subsidiary within the meaning of sections 5 to 8 of the Companies Act 1993 and includes any company or body corporate or association of persons that is classified as a subsidiary in any applicable financial reporting standard approved by the Accounting Standards Review Board under the Financial Reporting Act 1993
ultimate holding company, in relation to a registered bank, means the body corporate that—
(a) is the registered bank’s holding company; and
(b) is not itself a subsidiary of another body corporate; and
(c) is not a bank
ultimate parent bank, in relation to a registered bank, means the bank that—
(a) is the registered bank’s holding company; and
(b) is not itself a subsidiary of another bank
working day means a day of the week on which the head office of a registered bank is open for business.
(2) A term or expression that is used in this Order and not defined in it or in the Act—
(a) if defined in a registered bank’s conditions of registration, has in relation to the registered bank the same meaning as under its conditions of registration; or
(b) if paragraph (a) does not apply and if applicable, must be interpreted in a way that complies with generally accepted accounting practice.
(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.
Next Page →
NZ Gazette 2012, No 102
✨ LLM interpretation of page content
💰
Registered Bank Disclosure Statements Order
(continued from previous page)
💰 Finance & Revenue20 August 2012
Banking, Financial Disclosure, Registered Banks, Reserve Bank, Regulations, Accounting Standards