New Zealand Gazette – 2013 – No. 121

Page 3330

✨ Financial Disclosure Statements



3330 NEW ZEALAND GAZETTE, No. 121 30 AUGUST 2013

(c) 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 13.

7 Disclosure statement of overseas financial statements

(1) A disclosure statement may be an overseas financial statement.

(2) An overseas financial statement is a disclosure statement if—

(a) it is a financial statement for—

    (i) the registered bank; or

    (ii) the overseas banking group of the registered bank;

(b) it is publicly available in any jurisdiction; and

(c) it meets the reporting requirements that apply to the registered bank in its country of domicile.

(3) Publication by the registered bank in accordance with clause 9 is sufficient to meet the requirement under section 82 of the Act to date and sign a disclosure statement that is an overseas financial statement if the registered bank retains a signed and dated record that—

(a) authorises the publication of the overseas financial statements;

(b) is dated and signed—

    (i) by the person required to date and sign the disclosure statement under section 82; and

    (ii) within 2 working days of publication in accordance with clause 9; and

(c) confirms the disclosure statement is the most recent publicly available overseas financial statement of the registered bank as at the date it is signed.

(4) For the purposes of subclause (3) and in the context of section 22 of the Electronic Transactions Act 2002, the sending of an email message that contains the overseas financial statements may be appropriate to the purpose for which, and the circumstances in which, the signature is required.

8 Full and half year disclosure statements to be audited

(1) A full year disclosure statement of a registered bank must be audited.



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Online Sources for this page:

Gazette.govt.nz — PDF NZ Gazette 2013, No 121




✨ LLM interpretation of page content

💰 General Requirements for Disclosure Statements (continued from previous page)

💰 Finance & Revenue
Disclosure statements, Full year, Half year, Off quarter, First disclosure, Registered banks