✨ Bank Disclosure Requirements
NEW ZEALAND GAZETTE, No. 121
30 AUGUST 2013
(2) A registered bank must provide a copy of the disclosure statements requested by a person free of charge.
(3) If a person requests a copy of the registered bank’s most recent disclosure statement in person at the premises of the registered bank, the registered bank—
(a) may refer the person to its Internet site; but
(b) must offer to provide a printed copy to the person of its most recent full year disclosure statement and any subsequent half year or off quarter disclosure statement that is published when the request is made.
(4) If a person accepts an offer made under subclause (3)(b), the registered bank must dispatch to the person a printed copy of the offered disclosure statements by the end of the second working day after the day on which the request is made.
(5) Other than in relation to a request made in person at the premises of the registered bank or by accessing a copy published on the registered bank’s Internet site, if a person requests a copy of the registered bank’s most recent disclosure statement, the registered bank—
(a) may refer the person to its Internet site; but
(b) must offer to provide to the person by other suitable means a copy of its most recent full year disclosure statement and any subsequent half year or off quarter disclosure statement that is published when the request is received.
(6) If a person accepts an offer made under subclause (5)(b), the registered bank must dispatch to the person a copy of the offered disclosure statements by the end of the second working day after the day on which the request is received.
(7) Other than in relation to a request for the registered bank’s most recent disclosure statement or by accessing a copy published on the registered bank’s Internet site, if a person requests a copy of any of the registered bank’s disclosure statements, the registered bank—
(a) may refer the person to its Internet site; but
(b) must offer to provide to the person by other suitable means a copy of the requested disclosure statements that are published when the request is made.
(8) If a person accepts an offer made under subclause (7)(b), the registered bank must dispatch to the person a copy of the requested disclosure statements by the end of the second working day after the day on which the request is received.
(9) To avoid doubt, in this clause a printed copy is a copy in non-electronic form.
13 First disclosure statement
(1) Subject to subclauses (2) to (4), a registered bank’s first disclosure statement must meet the requirements that apply to a full year disclosure statement.
(2) The Reserve Bank must determine the full year accounting period and balance date for a first disclosure statement.
(3) The balance date determined by the Reserve Bank may be a date before the date on which the registered bank is registered as a registered bank.
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NZ Gazette 2013, No 121
✨ LLM interpretation of page content
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General Requirements for Disclosure Statements
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💰 Finance & RevenueDisclosure statements, Full year, Half year, Off quarter, First disclosure, Registered banks, Auditor review, Internet publication, Time of publication, Delivery to Reserve Bank, Requests for copies