Open consultations
Exposure draft of the Insurance (Prudential Supervision) Amendment Bill
We are seeking feedback on the exposure draft of the Insurance (Prudential Supervision) Amendment Bill. We are particularly interested in whether the proposed provisions are workable in practice and will achieve the agreed policy intent. Your feedback will help support smooth implementation, including identifying and avoiding unintended consequences. The consultation package includes: a consultation paper with background information on the consultation and the changes...
Closed consultations
DTA Standards exposure drafts (tranche 2)
On 26 February 2026, we opened consultation on Tranche 2 of the Deposit Takers Act 2023 (DTA) Standards. This consultation package includes exposure drafts of the: Governance Standard Risk Management Standard Disclosure Statements Standard Business Transfers, Holding Entity, and Restricted Activities Standard Reporting Standard. The package also includes accompanying guidance for each standard. We have published a cover note which provides...
Due Diligence Guidance
The Due Diligence Guidance provides guidance on how directors can exercise due diligence to ensure that the deposit taker complies with its prudential obligations. This is consistent with section 97 of the DTA. Read the consultation materials Due Diligence consultation paper - Supporting information on the draft guidance (PDF, 319KB) Due Diligence Guidance draft (PDF, 685KB)
2026 Banking Prudential Requirements (BPRs) exposure drafts
We have opened an exposure draft consultation to update the Banking Prudential Requirements (BPRs) for some of the decisions made as part of the 2025 Review of Key Capital Settings. The review decisions were announced on 17 December 2025. Download the decision document (PDF, 686KB) We are also incorporating a small number of BPR changes for earlier policy decisions for the capital standard that can be easily incorporated into the BPRs. The consultation package includes: ...
Proposal to recommend that HVCS is designated
We are proposing to recommend that the Minister of Finance designates the High Value Clearing System (HVCS). This proposal is made under the Financial Market Infrastructures (FMI) Act 2021. The HVCS is a pure payment system operated by Payments NZ and has not been regulated before. The HVCS processes large payments that cannot be reversed, such as house settlements. The consultations on our initial proposal closed 30 September 2025. We are now seeking further submissions on the...