✨ Banking Disclosure Statements
30 AUGUST 2013
NEW ZEALAND GAZETTE, No. 121
3239
(7) An off quarter accounting period is—
(a) a first quarter accounting period;
(b) a third quarter accounting period; or
(c) a fourth quarter accounting period.
(8) If subclause (1)(b) applies, the Reserve Bank may, after consultation with the registered bank, determine the length of any of the half year or off quarter accounting periods in the shorter or longer full year accounting period.
Part 1
General requirements for disclosure statements
6
(1) A disclosure statement may be—
(a) a full year disclosure statement;
(b) a half year disclosure statement;
(c) an off quarter disclosure statement, which may be—
(i) a first quarter disclosure statement;
(ii) a third quarter disclosure statement; or
(iii) if applicable, a fourth quarter disclosure statement; or
(d) a first disclosure statement.
(2) Subject to subclause (5), a registered bank must produce—
a full year disclosure statement for each full year accounting period;
(a) a half year disclosure statement for each half year accounting period;
(b) an off quarter disclosure statement for—
(i) each first quarter accounting period; and
(ii) each third quarter accounting period.
(3) If a registered bank’s full year accounting period is 14 months or more, the registered bank may also be required to produce a fourth quarter disclosure statement for a fourth quarter accounting period.
(4) When registered as a registered bank, a registered bank must produce a first disclosure statement.
(5) If a full year disclosure statement and a half year or off quarter disclosure statement are required in respect of the same accounting period, the registered bank need only produce the full year disclosure statement.
(6) Further details are set out—
(a) for full year, half year and off quarter disclosure statements in Part 2 and in the Schedules of this Order; and
(b) for first disclosure statements in clause 12.
7
Full and half year disclosure statements to be audited
(1) A full year disclosure statement of a registered bank must be audited.
(2) A half year disclosure statement of a registered bank must be reviewed by an auditor if it is not audited.
(3) An auditor’s report or review statement must meet the requirements of clause 20.
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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
💰 General requirements for disclosure statements
💰 Finance & RevenueBanking, Disclosure Statements, Accounting Periods, Full Year, Half Year, Off Quarter
💰 Full and half year disclosure statements to be audited
💰 Finance & RevenueBanking, Auditing, Disclosure Statements, Full Year, Half Year