✨ Financial Regulation Order
NEW ZEALAND GAZETTE, No. 21
21 FEBRUARY 2014
Order
1 Title
This Order is the Registered Bank Disclosure Statements (New Zealand Incorporated Registered Banks) Order 2014.
2 Commencement
This Order comes into force on 31 March 2014 except for clause 26 which comes into force on 30 March 2014.
3 Application
This Order applies to a registered bank that is incorporated in New Zealand.
4 Interpretation
(1) In this Order, unless the context otherwise requires,—
Act means the Reserve Bank of New Zealand Act 1989
Additional Tier 1 capital,—
(a) in Schedules 9 and 10, has the same meaning as in Capital Adequacy Framework (Standardised Approach) (BS2A); and
(b) in Schedules 11 and 12, has the same meaning as in Capital Adequacy Framework (Internal Models Based Approach) (BS2B)
address for service, in relation to—
(a) an individual, means the address of their usual place of business in New Zealand or, if no such address exists, the address of their usual place of business outside New Zealand;
(b) a company, means the address for service adopted by the company under section 192 of the Companies Act 1993; or
(c) any other entity, means the address of its principal office or principal place of business in New Zealand or, if no such address exists, its principal office or principal place of business outside New Zealand
affiliated insurance entity has the same meaning as in the Capital Adequacy Framework (Standardised Approach) (BS2A)
affiliated insurance group has the same meaning as in the Capital Adequacy Framework (Standardised Approach) (BS2A)
allowance for credit impairment loss means an amount which has been created against identified credit losses or in respect of an identified deterioration in the value of any asset or class of asset attributable to an increase in credit risk as set out in NZ IAS 39 paragraphs 58 to 62
applicable financial reporting standard has the same meaning as in section 2(1) of the Financial Reporting Act 1993
banking group, in relation to a registered bank,—
(a) means the financial reporting group; or
(b) if the Reserve Bank has, by notice in writing to the registered bank, after consultation with the registered bank, agreed to or required the inclusion or exclusion of
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NZ Gazette 2014, No 21
✨ LLM interpretation of page content
💰 Registered Bank Disclosure Statements Order 2014
💰 Finance & RevenueBanking, Financial Regulation, Disclosure Statements, Reserve Bank