✨ Financial Regulation Amendment
26 MAY 2014 NEW ZEALAND GAZETTE, No. 54 1531
Order
1 Title
This Order is the Registered Bank Disclosure Statements (New Zealand Incorporated Registered Banks) Order 2014 Amendment Order 2014.
2 Commencement
This Order comes into force on 30 June 2014.
3 Principal Order amended
This Order amends the Registered Bank Disclosure Statements (New Zealand Incorporated Registered Banks) Order 2014.
4 Interpretation
(1) This clause amends clause 4(1).
(2) Replace the definition of “applicable financial reporting standard” with:
“applicable financial reporting standard,—
(a) has the same meaning as in section 5(1) of the Financial Reporting Act 2013 (unless paragraph (b) applies); or
(b) has the same meaning as in section 2(1) of the Financial Reporting Act 1993 if the Financial Reporting Act 1993 applies to the registered bank**”
(3) Replace the definition of “financial reporting group” with:
“financial reporting group,—
(a) has the same meaning as “group” in section 6(1) of the Financial Markets Conduct Act 2013 (unless paragraph (b) applies); or
(b) if the Financial Reporting Act 1993 applies to a registered bank, means the 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**”
(4) Replace the definition of “generally accepted accounting practice” with:
“generally accepted accounting practice,—
(a) has the same meaning as in section 8 of the Financial Reporting Act 2013 (unless paragraph (b) applies);
(b) means generally accepted accounting practice within the meaning of section 3 of the Financial Reporting Act 1993 if the Financial Reporting Act 1993 applies to the registered bank**”
(5) Replace the definition of “issuer” with:
“issuer,—
(a) has the same meaning as in section 11 of the Financial Markets Conduct Act 2013 (unless paragraph (b) applies);
(b) has the same meaning as in section 4 of the Financial Reporting Act 1993 if the Financial Reporting Act 1993 applies to the registered bank**”
(6) Replace the definition of “NZ IAS 1” with:
“NZ IAS 1 means New Zealand Equivalent to International Accounting Standard 1 (Presentation of Financial Statements),”
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NZ Gazette 2014, No 54
✨ LLM interpretation of page content
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Amendment to Registered Bank Disclosure Statements Order
(continued from previous page)
💰 Finance & Revenue26 May 2014
Banking, Disclosure, Amendment, Financial Reporting, Accounting Standards