✨ Disclosure Statement Requirements
30 AUGUST 2013 NEW ZEALAND GAZETTE, No. 121 3333
(4) The Reserve Bank must give notice in writing to an applicant bank of the accounting period and balance date for the first disclosure statement—
(a) at least 1 month before the date the bank is registered as a registered bank; or
(b) on a date agreed by the applicant bank and the Reserve Bank.
Part 2
Content of disclosure statements
Subpart 1—General requirements
14 Information must be in English
The information in a disclosure statement must be in English.
15 Disclosure statement not to be false or misleading
In addition to the information that is required in this Order, a disclosure statement—
(a) must contain such other information that, in the opinion of the directors and New Zealand chief executive officer, is necessary or desirable to ensure that the disclosure statement is not false or misleading in any material particular; and
(b) except as otherwise expressly provided in this Order, may contain any other information that the directors and New Zealand chief executive officer consider appropriate to include in the disclosure statement.
16 Requirements when registered bank is unable to disclose information
Subject to clause 17(3), if a registered bank is unable because of systems limitations or because of circumstances beyond its control to disclose information under this Order, the disclosure statement must—
(a) state that fact, and explain those limitations or circumstances; and
(b) contain the closest available alternative to the information that must be disclosed under this Order.
17 Comparative information
(1) Any comparative information that is required to be disclosed under this Order for the previous corresponding accounting period must be restated so that it corresponds to the information disclosed for the current accounting period.
(2) If there has been a material restatement of prior period amounts, the nature of, and the reason for, the restatement must be disclosed.
(3) A registered bank need not disclose comparative information that is not readily available in the time since the last day of the previous corresponding accounting period.
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NZ Gazette 2013, No 121
✨ LLM interpretation of page content
💰
General Requirements for Disclosure Statements
(continued from previous page)
💰 Finance & RevenueDisclosure statements, Accounting period, Balance date, Registered banks, Reserve Bank
💰 Content of Disclosure Statements
💰 Finance & RevenueDisclosure statements, English language, False information, Misleading information, Directors, New Zealand chief executive officer
💰 Requirements for Disclosure Statements
💰 Finance & RevenueDisclosure statements, Systems limitations, Comparative information, Restatement, Prior period amounts