✨ Financial Regulation Amendment
26 MAY 2014
NEW ZEALAND GAZETTE, No. 54
1535
Order
1 Title
This Order is the Registered Bank Disclosure Statements (Overseas 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 (Overseas 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 means the New Zealand business of all the members of the registered bank’s group, where—
(a) group has the same meaning as in section 6(1) of the Financial Markets Conduct Act 2013 (unless paragraph (b) applies); or
(b) group 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”
(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 24” with:
“NZ IAS 24 means New Zealand Equivalent to International Accounting Standard 24 (Related Party Disclosures), approved”
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NZ Gazette 2014, No 54
✨ LLM interpretation of page content
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Amendment Order for Registered Bank Disclosure Statements
(continued from previous page)
💰 Finance & Revenue19 May 2014
Banking, Regulation, Disclosure Statements, Amendment, Reserve Bank of New Zealand