The Registered Bank Disclosure Statements (New Zealand Incorporated Registered Banks) Order (No 3) 2013 ("the Order") is published pursuant to section 81 of the Reserve Bank of New Zealand Act 1989 and was made on 18 November 2013.
The Order comes into force on 31 December 2013, except for clause 26, which comes into force on 30 December 2013.
The Order incorporates by reference the following documents from the Reserve Bank of New Zealand banking supervision handbook:
" Capital Adequacy Framework (Standardised Approach) (BS2A)
" Capital Adequacy Framework (Internal Models Based Approach) (BS2B)
" Connected Exposures Policy (BS8)
Copies of these documents are available free of charge on the Reserve Bank of New Zealand's website: http://www.rbnz.govt.nz
Copies may also be inspected free of charge at the Reserve Bank, No. 2 The Terrace, Wellington, during normal office hours. The Reserve Bank will accommodate reasonable requests for copies of the documents.
The Order incorporates by reference the following accounting standards and documents:
" New Zealand Equivalent to International Accounting Standard 1-Presentation of Financial Statements (NZ IAS 1)
" New Zealand Equivalent to International Accounting Standard 24-Related Party Disclosures (NZ IAS 24)
" New Zealand Equivalent to International Accounting Standard 32-Financial Instruments: Presentation (NZ IAS 32)
" New Zealand Equivalent to International Accounting Standard 34-Interim Financial Reporting (NZ IAS 34)
" New Zealand Equivalent to International Accounting Standard 39-Financial Instruments: Recognition and Measurement (NZ IAS 39)
" New Zealand Equivalent to International Financial Reporting Standard 7-Financial Instruments: Disclosures (NZ IFRS 7)
" New Zealand Equivalent to the IASB Conceptual Framework for Financial Reporting (NZ Framework)
Copies of the accounting standards and of the NZ Framework are available free of charge on the website of the External Reporting Board (http://www.xrb.govt.nz) or may be purchased by e-mailing enquiries@xrb.govt.nz.
The Order incorporates the conditions of registration for registered banks as they apply to each bank. Under the Order, each registered bank is required to publish its conditions of registration on the Internet and also make them available either in a printed or other suitable form, free of charge in all cases.
Prudential Supervision Department
Reserve Bank of New Zealand