The Reserve Bank of New Zealand – Te Pūtea Matua has initiated consultation on exposure drafts of four standards aimed at supporting the implementation of the Deposit Takers Act 2023 (DTA).
The Deposit Takers Act 2023 (DTA) updates New Zealand’s regulatory framework for deposit takers, enhancing their safety and soundness while promoting a stable financial system for Kiwis.
Director of Prudential Policy Jess Rowe said exposure drafts are initial versions of legislation issued for stakeholder input prior to finalisation.
“This consultation builds on extensive engagement with industry and the public throughout 2024 and 2025.”
“We are now seeking technical feedback from stakeholders to ensure the exposure drafts align with the policy intent.”
This feedback will assist in detecting any technical problems before the standards are finalised.
Consultation on the DTA Standards will be conducted in three tranches; it includes exposure drafts for the liquidity standard, the Depositor Compensation Scheme (DCS) standard, the lending standard, and the incorporation outside NZ standard.
DTA Standards exposure drafts (tranche 1) – Citizen Space has been released today. Consultation on the second and third tranches of the exposure drafts will commence in February 2026 and June 2026, respectively.
The DTA Standards will take effect on 1 December 2028. It will supersede current prudential legislation by establishing a unified regulatory framework for all deposit takers.