Deposit Takers Non-Core Standards

Results updated 17 Jul 2025

In 2024 we sought feedback on 9 non-core Deposit Taker Standards.

The consultation closed on 22 November 2024. We received 25 submissions. Thank you to those who participated in the consultation.

Our overall assessment remains that we are striking a good balance between our primary financial stability mandate and our purposes and principles, including proportionality and competition.

In response to feedback, we’re making changes to further support a proportionate approach, reduce the impact of compliance on deposit takers, and enhance potential competition in the market. This includes removing prescriptive detail and making requirements more flexible in certain areas. The changes are intended to enable different entities to implement the more principles-based standards in ways that are proportionate to the size and complexity of the entity.

A summary of submissions and copies of the submissions are available below.

Summary of submissions and policy decisions (PDF, 1.72MB)

View submitted responses below where consent has been given to publish:

Submissions A to B (ZIP, 9.52MB)
Submissions C to N (ZIP, 10.3MB)
Submissions R to W (ZIP, 4.11MB)

OBR standard

We are not publishing a response to submissions on the Open Bank Resolution (OBR) Pre-Positioning Standard at this time because of our ongoing policy work to review bank capital settings.

Next steps

Find the timelines for consultation on the exposure drafts of the DTA standards on our website.

DTA timeline

Terminology explained

Core standards Core standards

These are the standards that we will use as the criteria to determine the eligibility of existing banks and NBDTs for relicensing under the DTA.

Non-core standards Non-core standards

These are the other standards that all deposit takers will need to comply with when the DTA standards regime starts but will not be used for relicensing existing deposit takers.

Deposit takers will need to comply with all standards when they come into force in 2028.

Overview

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 standards are the next in the series of standards following the May 2024 consultation on the four core standards.

Read the consultation paper

Deposit Takers Non-Core Standards consultation paper (PDF, 3MB)

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