✨ Financial Regulations
NEW ZEALAND GAZETTE, No. 121
30 AUGUST 2013
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 or the New Zealand chief executive officer 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 branch in New Zealand 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.
5 Accounting periods for disclosure statements
(1) A full year accounting period is—
(a) the 12 month period that begins on the day after one balance date and ends on the next balance date;
(b) the period longer or shorter than 12 months that begins on the day after one balance date and ends on the next balance date due to—
(i) the date of the registered bank’s incorporation;
(ii) a change of the registered bank’s balance date; or
(c) for a first disclosure statement, the period determined by the Reserve Bank.
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NZ Gazette 2013, No 121
✨ LLM interpretation of page content
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Definitions for Registered Bank Disclosure Statements (Overseas Incorporated Registered Banks) Order (No 2) 2013
(continued from previous page)
💰 Finance & Revenue26 August 2013
Definitions, Financial regulation, Registered banks, Disclosure statements, Reserve Bank, Overseas banks