Closed consultations

10 results

  • Use of the word ‘bank’ under the DTA

    This consultation paper sets out our proposal for which entities should be able to use restricted words in their name or title once the Deposit Takers Act 2023 (DTA) is fully in force (currently expected on 1 December 2028). There are restrictions on the use of the words 'bank', 'banker' and 'banking' (“restricted words”) under our prudential legislation. The paper seeks feedback on: a proposal to authorise the use of the term ‘bank’ by all licensed deposit... More
    Closed 24 November 2025

  • Second tranche of Deposit Takers Regulations under the DTA

    This consultation paper seeks feedback on proposed regulations relating to the regulatory perimeter, set through the meaning of ‘deposit taker’, under the Deposit Takers Act (DTA). These proposals relate to classes of entities, including financial technology firms (fintechs) and overseas banks. The prudential regulatory perimeter defines the types of entities that are subject to the licensing process and ongoing prudential supervision under the DTA. The paper also... More
    Closed 24 November 2025

  • Depositor Compensation Scheme (DCS) product hierarchy policy

    We are engaging with the deposit taking sector on our proposed Depositor Compensation Scheme (DCS) product hierarchy policy. This policy will determine the order in which deposit products (or types of accounts) will be paid out under a DCS payout event or in the case of a DCS contribution to resolution of a deposit taker. Following feedback, we intend to publish a finalised product hierarchy policy document by June 2025. The policy document includes the... More
    Closed 28 March 2025

  • Depositor Compensation Scheme Transitional Standard

    A payout solution is a critical component of the DCS to be operational in July 2025. This consultation paper outlines our proposal for a transitional standard that requires deposit takers with internet banking to build their own DCS webpage according to requirements set out in a standard. The webpage would only be activated in the event of the deposit taker failing. Because of the short time for finalising and issuing the standard, an exposure draft of the standard has been... More
    Closed 7 February 2025

  • Deposit Takers Non-Core Standards

    This consultation paper outlines our policy proposals for 9 non-core Deposit Taker Standards that set some of the minimum requirements that deposit takers must comply with. The non-core standards are the next in the series of standards following the May 2024 consultation on the four core standards . Read the consultation paper Deposit Takers Non-Core Standards consultation paper (PDF, 3MB) More
    Closed 22 November 2024

  • Crisis management under the Deposit Takers Act 2023 - Issues Paper

    This issues paper on Crisis Management under the Deposit Takers Act 2023 sets out key issues for operationalising the crisis management regime in the DTA. In particular, it discusses: a staged response to managing deposit takers in different levels of financial distress or other difficulties potential updates to our existing resolution tools, including those used to help recapitalise a failed deposit taker without relying on public funds ... More
    Closed 22 November 2024

  • Deposit Takers Core Standards

    We consulted on policy proposals for new prudential standards made under the Deposit Takers Act 2023 (DTA). The standards will replace our existing prudential requirements. Unlike most of our existing prudential requirements, the standards will be secondary legislation. This consultation covered the 4 core Deposit Takers Standards. We will use these standards to license existing banks and NBDTs under the new regime. The DTA modernises our... More
    Closed 16 August 2024

  • Depositor Compensation Scheme Regulations

    In March 2024, we consulted on policy proposals for regulations under the Deposit Takers Act 2023 (DTA). The DTA creates a new prudential regime by: integrating the currently separate regimes for banks and non-bank deposit takers, and introducing the DCS. Regulations are necessary to bring the DCS into operation. Many of the regulations are technical in nature. Regulations are secondary legislation made by Order in Council on the Minister of Finance's... More
    Closed 10 May 2024

  • Deposit Takers Act 2023 - Proportionality Framework Consultation

    We asked for feedback on our proposed proportionality framework for developing standards for deposit takers under the Deposit Takers Act 2023. This consultation closed on 25 September 2023. You can read a summary of submissions and find more information on our website. Deposit Takers Act 2023 - Proportionality Framework Consultation More
    Closed 25 September 2023

  • Depositor Compensation Scheme Development of Regulations

    We asked for feedback on the development of regulations for the Depositor Compensation Scheme (DCS) under the Deposit Takers Act. The consultation covered 2 key issues to support the introduction of the DCS: Statement of Funding Approach Levy Framework This consultation closed on 25 September 2023. You can read a summary of submissions and find more information on our website. Depositor Compensation Scheme Development of Regulations More
    Closed 25 September 2023
10 results. Page 1 of 1