The Deposit Takers Act 2023 received Royal Assent on 6 July 2023. We are currently drafting regulations and standards to support the DTA and DCS. This is the secondary legislation or rules that deposit takers must follow.
Over the next few years, we will consult on various aspects of the legislation. We will ask the banking industry and the wider community for feedback. This will make sure the rules will work in practice. If you have any questions about our consultations, please email dta@rbnz.govt.nz.
See the full DTA/DCS programme timeline on our website.
Open consultations
Group Supervision Policy for deposit takers
This consultation paper outlines how we propose to supervise New Zealand deposit takers in group structures, particularly those that have subsidiaries that operate overseas. The Deposit Takers Act 2023 (DTA) enables RBNZ to supervise New Zealand deposit takers in a way that ensures group-wide oversight and risk management across both domestic and international activities. This consultation seeks to clarify our requirements and reduce regulatory uncertainties. It also aims to...
DTA Standards exposure drafts (tranche 1)
Tranche 1 of the Deposit Takers Act 2023 (DTA) Standards consultation package includes exposure drafts of the: Liquidity Standard Depositor Compensation Scheme Standard Lending Standard Incorporation outside New Zealand Standard The package also includes accompanying guidance for each standard. We have published a cover note which provides background on the consultation, sets out the rationale behind the drafting of the exposure draft standards and...
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...
Closed consultations
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...
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...
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...