The DTA modernises New Zealand's regulatory framework for deposit takers, helping to ensure their safety and soundness, and supporting a stable financial system that New Zealanders can trust.
Exposure drafts are preliminary versions of legislation released for stakeholder feedback before being finalised, explains Director of Prudential Policy, Jess Rowe.
"This consultation builds on extensive engagement with industry and the public throughout 2024 and 2025," Ms Rowe says. "We are now seeking technical feedback from stakeholders to ensure the exposure drafts align with the policy intent."
This feedback will help identify any technical issues before the standards are finalised.
Consultation on the DTA Standards will be delivered in three tranches, with the first tranche published today. It includes exposure drafts for the following standards:
- Liquidity Standard
- Depositor Compensation Scheme (DCS) Standard
- Lending Standard
- Incorporation outside New Zealand Standard
DTA Standards exposure drafts (tranche 1) - Citizen Space
Consultation on tranches two and three of the exposure drafts will open in February 2026 and June 2026 respectively.
DTA Standards will come into effect on 1 December 2028. The DTA will replace existing prudential legislation with a single regulatory regime for all deposit takers.
Consultation also opens on Group Supervision Policy under the DTA
A companion paper has also been published seeking feedback on our Group Supervision Policy under the DTA. This policy consultation was foreshadowed in the non-core standards consultation paper released in August 2024.
This outlines how we propose to supervise New Zealand deposit takers in group structures, particularly those that have subsidiaries that operate overseas. We welcome submissions on the policy.
Group Supervision Policy under the DTA - Citizen Space
