Second tranche of Deposit Takers Regulations under the DTA

Results updated 23 Sep 2026

In late 2025 we sought feedback on proposed regulations relating to the regulatory perimeter of the Deposit Takers Act (DTA) and other matters to support the smooth implementation of the DTA. We received 11 submissions. Thank you to those who participated in the consultation.

Feedback on the proposed regulations was largely supportive. We recommended the proposals without changes to the Minister of Finance and they have now been approved by Cabinet.

On 23 September 2026, we published a summary of submissions and our response, and copies of the submissions. The Regulatory Impact Statement and a Cabinet paper regarding regulations for licensing under the DTA are on the RBNZ website.

Read the summary of submissions and our response (PDF, 364KB)
Read all submissions (PDF, 2.14MB)
Read the Cabinet Paper and the Regulatory Impact Statement on the RBNZ website

Next steps

Cabinet has approved the proposals, which have now moved to legislative drafting. The next step will be approval of the new regulations and Orders in Council in the first half of 2027.

Read more about the DTA on the RBNZ website.

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)

Submissions closed at 5pm on 24 November 2025.

Please read - consultation on use of the word 'bank' under the DTA 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.

Use of the word ‘bank’ under the DTA