DTA and DCS consultation hub

Here you can find all consultations on the Deposit Takers Act (DTA) and Depositor Compensation Scheme (DCS). We look forward to your input.

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

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...

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...

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...

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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...

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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...

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