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.
Visit www.rbnz.govt.nz/dcs for more information.
Consultation timeline
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Proportionality Framework and DCS Levy Framework
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DCS Regulations
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Core standards
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Non-core standards
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Exposure draft of Core standards
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Exposure draft of Non-core standards
See the full DTA/DCS Programme timeline on our website.
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...