Jess Rowe, Director Prudential Policy, says the opening of this second tranche of consultation marks another milestone as we work towards implementing the DTA.
"Technical feedback on the standards will help us to implement the DTA as intended to modernise and integrate our prudential framework," Ms Rowe says. "We will continue to engage with industry and the public to ensure a proportionate approach that supports a competitive financial system."
Consultation on exposure drafts of the DTA Standards is taking place in three tranches. The first tranche was published on 30 October 2025.
The second tranche of consultation, published today and open until 15 May, includes exposure drafts and guidance of the following five standards:
- Governance Standard
- Risk Management Standard
- Disclosure Statements Standard
- Business Transfers, Holding Entity, and Restricted Activities Standard
- Reporting Standard.
DTA Standards exposure drafts (tranche 2) - Citizen Space
Consultation on tranche three will open in June 2026 and all DTA Standards will come into effect on 1 December 2028.
Consultation also opens on Due Diligence Guidance
As part of tranche two, we are also consulting on the Due Diligence Guidance. This paper provides guidance on how directors can exercise due diligence to ensure that the deposit taker complies with its prudential obligations.
Due Diligence Guidance - Citizen Space
