The Reserve Bank of New Zealand has launched consultation on the first tranche of exposure drafts for regulatory standards under the Deposit Takers Act (DTA), alongside a companion consultation on its proposed Group Supervision Policy under the DTA. The first tranche covers exposure drafts for a Liquidity Standard, Depositor Compensation Scheme (DCS) Standard, Lending Standard, and Incorporation outside New Zealand Standard. The Reserve Bank is seeking technical feedback to confirm the drafting aligns with policy intent and to identify technical issues before the standards are finalised. The group supervision paper sets out how the Reserve Bank proposes to supervise New Zealand deposit takers in group structures, particularly where they have overseas operating subsidiaries. Consultation on the remaining exposure draft tranches is scheduled to open in February 2026 and June 2026. The DTA Standards are due to come into effect on 1 December 2028, with the DTA replacing existing prudential legislation with a single regulatory regime for all deposit takers.
Reserve Bank of New Zealand 2025-10-30
Reserve Bank of New Zealand publishes first tranche of exposure drafts for Deposit Takers Act standards and consults on group supervision policy
The Reserve Bank of New Zealand has initiated consultation on the first tranche of exposure drafts for regulatory standards under the Deposit Takers Act, including Liquidity, Depositor Compensation Scheme, Lending, and Incorporation outside New Zealand Standards, alongside a proposed Group Supervision Policy. The DTA Standards will take effect on 1 December 2028, replacing existing prudential legislation with a unified regulatory regime for all deposit takers.