The Reserve Bank of New Zealand has launched the second tranche of consultation on exposure drafts and guidance for the DTA Standards, alongside consultation on separate Due Diligence Guidance for directors. The package is positioned as technical consultation to support implementation of the DTA and to modernise and integrate the prudential framework. This tranche, open until 15 May, covers the Governance Standard, Risk Management Standard, Disclosure Statements Standard, Business Transfers, Holding Entity, and Restricted Activities Standard, and Reporting Standard. The Due Diligence Guidance sets out how directors can exercise due diligence to ensure the deposit taker complies with its prudential obligations; the DTA Standards consultation is being run in three tranches, with the first tranche published on 30 October 2025. Consultation on tranche three is scheduled to open in June 2026, and all DTA Standards are set to come into effect on 1 December 2028.
Reserve Bank of New Zealand 2026-02-25
Reserve Bank of New Zealand opens second tranche consultation on five DTA Standards and directors’ due diligence guidance
The Reserve Bank of New Zealand has begun the second tranche of consultation on exposure drafts and guidance for the Deposit Takers Act (DTA) Standards, including Due Diligence Guidance for directors. This aims to modernize and integrate the prudential framework, covering governance, risk management, disclosure, business transfers, holding entities, restricted activities, and reporting standards. The DTA Standards consultation is divided into three tranches, with the final tranche expected in June 2026 and full implementation by December 2028.