ANAND SATYANAND, Governor-General
Order in Council
At Wellington this 16th day of May 2011
Present:
His Excellency the Governor-General in Council
Pursuant to section 81 of the Reserve Bank of New Zealand Act 1989, His Excellency the Governor-General, acting on the advice and with the consent of the Executive Council and on the advice of the Minister of Finance given in accordance with a recommendation of the Reserve Bank of New Zealand, makes the following Order.
Contents
1 Title 1513
2 Commencement 1513
3 Principal order amended 1513
4 Change in spelling in clause 8 1513
5 Clarification in clause 18 1513
6 Clarification in Schedule 1 1513
7 Clarifications in Schedule 2 1513
8 Clarifications in Schedule 3 1513
9 Removing capitalisation in Schedule 9 1513
10 Clarifications in Schedule 9 1513
11 Removing capitalisation in Schedule 11 1514
12 Clarifications in Schedule 11 1514
13 Clarifications in Schedule 15 1514
14 Clarifications in Schedule 17 1514
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Order
1 Title
This order is the Registered Bank Disclosure Statements
(New Zealand Incorporated Registered Banks) Order 2011 Amendment (Minor Remedial Matters) Order 2011.
2 Commencement
This order comes into force on the day after it is published in the Gazette.
3 Principal order amended
This order amends the Registered Bank Disclosure Statements (New Zealand Incorporated Registered Banks) Order 2011.
4 Change in spelling in clause 8
In clause 8(2)(a), replace "publically" with "publicly".
5 Clarification in clause 18
In clause 18, replace "whether" with "whether or not".
6 Clarification in Schedule 1
In clause 2(1)(j)(ii) of Schedule 1, replace "whether" with "whether or not".
7 Clarifications in Schedule 2
In clause 10(4)(b) and (c) and in clause 17(1) and (2) of Schedule 2, replace "whether" with "whether or not".
8 Clarifications in Schedule 3
In clause 12(1) and (2) of Schedule 3, replace "whether" with "whether or not".
9 Removing capitalisation in Schedule 9
In the table in clause 1(2) of Schedule 9:
(a) replace "Less: Deductions from tier one capital (Specify each deduction)" with "Less: deductions from tier one capital (specify each deduction)";
(b) replace "Tier One Capital plus tier two capital" with "Tier one capital plus tier two capital"; and
(c) replace "Less: Deductions from total capital (specify each deduction)" with "Less: deductions from total capital (specify each deduction)".
10 Clarifications in Schedule 9
In clause 14(1)(b)(i) and (ii) of Schedule 9, replace "whether" with "whether or not".
11 Removing capitalisation in Schedule 11
In the table in clause 1(2) of Schedule 11:
(a) replace "Less: Deductions from tier one capital (Specify each deduction)" with "Less: deductions from tier one capital (specify each deduction)";
(b) replace "Tier One Capital plus tier two capital" with "Tier one capital plus tier two capital"; and
(c) replace "Less: Deductions from total capital (specify each deduction)" with "Less: deductions from total capital (specify each deduction)".
12 Clarifications in Schedule 11
In clause 18(1)(b)(i) and (ii) of Schedule 11, replace "whether" with "whether or not".
13 Clarifications in Schedule 15
(1) In clause 2(b)(ii), replace "in relation to any other member of the registered bank's banking group whether any insurance business" with "in relation to any other member of the registered bank's banking group, any insurance business".
(2) In clause 2(b)(ii)(B) of Schedule 15, replace "whether" with "whether or not".
14 Clarifications in Schedule 17
In clause 4(b) and in clause 5(2)(c) replace "whether" with "whether or not".
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REBECCA KITTERIDGE, for Clerk of the Executive Council.
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Explanatory note
This note is not part of the order, but is intended to indicate its general effect.
This order comes into force on the day after it is published in the Gazette.
It amends the Registered Bank Disclosure Statements (New Zealand Incorporated Registered Banks) Order 2011 to make a series of minor, largely typographical, errors corresponding to changes made to the Registered Bank Disclosure Statements (Overseas Incorporated Registered Banks) Order 2011 by the Registered Bank Disclosure Statements (Overseas Incorporated Registered Banks) Order 2011 Amendment (Minor Remedial Matters) Order 2011.
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This order is administered by the Reserve Bank of New Zealand