Second tranche of Deposit Takers Regulations under the DTA
Overview
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 consults on 3 smaller proposals to support the smooth implementation of the DTA.
Licensing under the DTA
This consultation aims to further clarify and set the boundary of the regulatory perimeter before licensing of deposit takers commences under the DTA.
Licensing applications are expected to open on 1 June 2027, with the DTA coming into full effect from 1 December 2028.
Read the consultation paper
Second tranche of Deposit Taker Regulations under the Deposit Takers Act (DTA) consultation paper (PDF, 736KB)
How to have your say
- Complete your submission online, or
- Email your submission to dta@rbnz.govt.nz
Submissions will close at 5pm on 24 November 2025.
About online submissions
You can choose to submit your response online, by answering each individual question or by uploading a PDF of your written submission.
If you would like to partially complete your response and finish it later, make sure you click Save and come back later... and enter your email address. You'll receive an email from Citizen Space with a link to complete your submission.
Please read - consultation on use of the word 'bank' under the DTA
We are consulting on the use of the word 'bank' under the DTA concurrently.
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).
We encourage submitters to read and consider both consultation papers side by side, even if you only intend to submit on one.
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