Regulatory Alerts2022-05-17
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Consultation paper on Disclosure Review July 2010
The Reserve Bank of New Zealand proposes a fundamental review of the disclosure regime for registered banks to reduce compliance costs and better align with stakeholder needs. The consultation outlines options to streamline reporting by removing duplicative requirements, switching half-year financial statements to interim standards, and eliminating Supplemental Disclosure Statements. Two preferred options are presented regarding the future of the Key Information Summary and off-quarter disclosures to improve comparability and readability.
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