✨ Banking Regulations Definitions
4232 NEW ZEALAND GAZETTE, No. 154 22 NOVEMBER 2013
(b) in Schedules 11 and 12, has the same meaning as in Capital Adequacy Framework (Internal Models Based Approach) (BS2B)
company—
(a) has the same meaning as in section 2(1) of the Companies Act 1993; and
(b) includes an overseas company within the meaning of that section
conditions of registration, in relation to a registered bank, means the conditions of registration imposed on the registered bank by the Reserve Bank under section 74 of the Act
Connected Exposures Policy (BS8) means the Reserve Bank document entitled “Connected Exposures Policy (BS8)”
country of domicile for a registered bank is either—
(a) the country or jurisdiction determined by the Reserve Bank and notified to the registered bank; or
(b) if paragraph (a) does not apply, the country that falls into the greatest number of the following categories:
(i) the country of its home supervisor for banking supervisory purposes;
(ii) the country in which it is incorporated;
(iii) the country of its principal place of business outside New Zealand; and
(iv) the country in which its head office is locatedcredit rating is defined in clause 6 of Schedule 13 for the purposes of Schedule 13
credit risk has the same meaning as in NZ IFRS 7
currency risk has the same meaning as in NZ IFRS 7
EAD means an exposure at default determined in accordance with Capital Adequacy Framework (Internal Models Based Approach) (BS2B)
equity has the same meaning as “equity” in the “New Zealand Equivalent to the IASB Conceptual Framework for Financial Reporting”
equity risk means the risk arising from changes in the prices of equity instruments
fair value has the same meaning as in NZ IAS 32
financial asset has the same meaning as in NZ IAS 32
financial instrument has the same meaning as in NZ IAS 32
financial liability has the same meaning as in NZ IAS 32
financial reporting group means a registered bank (as reporting entity) and all other entities included in the group as defined in section 2(1) of the Financial Reporting Act 1993
generally accepted accounting practice has the same meaning as in section 3 of the Financial Reporting Act 1993
government guarantee means a guarantee of all or some of a registered bank’s obligations, or a similar arrangement, provided—
(a) by the New Zealand government under a guarantee or similar arrangement; or
(b) by a sovereign authority in an overseas jurisdiction
group of closely related counterparties means a group of legal or natural persons who are related in such a way that—
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NZ Gazette 2013, No 154
✨ LLM interpretation of page content
💰
Registered Bank Disclosure Statements Order
(continued from previous page)
💰 Finance & Revenue18 November 2013
Banking, Disclosure, Financial Statements, Regulation