✨ Banking Regulations
30 AUGUST 2013 NEW ZEALAND GAZETTE, No. 121 3237
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
Tier 1 capital,—
(a) in Schedules 9 and 10, has the same meaning as in Capital Adequacy Framework (Standardised Approach) (BS2A); and
(b) in Schedules 11 and 12, has the same meaning as in Capital Adequacy Framework (Internal Models Based Approach) (BS2B)
Tier 1 capital ratio,—
(a) in Schedules 9 and 10, has the same meaning as in Capital Adequacy Framework (Standardised Approach) (BS2A); and
(b) in Schedules 11 and 12, has the same meaning as in Capital Adequacy Framework (Internal Models Based Approach) (BS2B)
Tier 2 capital,—
(a) in Schedules 9 and 10, has the same meaning as in Capital Adequacy Framework (Standardised Approach) (BS2A); and
(b) in Schedules 11 and 12, has the same meaning as in Capital Adequacy Framework (Internal Models Based Approach) (BS2B)
Total capital,—
(a) in Schedules 9 and 10, has the same meaning as in Capital Adequacy Framework (Standardised Approach) (BS2A); and
(b) in Schedules 11 and 12, has the same meaning as in Capital Adequacy Framework (Internal Models Based Approach) (BS2B)
Total capital ratio,—
(a) in Schedules 9 and 10, has the same meaning as in Capital Adequacy Framework (Standardised Approach) (BS2A); and
(b) in Schedules 11 and 12, has the same meaning as in Capital Adequacy Framework (Internal Models Based Approach) (BS2B)
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—
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NZ Gazette 2013, No 121
✨ LLM interpretation of page content
💰
Definitions for Registered Bank Disclosure Statements (New Zealand Incorporated Registered Banks) Order (No 2) 2013
(continued from previous page)
💰 Finance & Revenue26 August 2013
Banking, Financial Reporting, Capital Adequacy, Basel II, Basel III, Reserve Bank