Non-bank deposit taker oversight
The following sections provide information for industry participants and the general public on the current development of the prudential regulation regime for non-bank deposit takers (NBDTs).
- Overview of NBDT regime
Provides a brief outline of the NBDT regime.
- Prudential requirements
for NBDTs
Sets out the various prudential requirements that NBDTs must comply with.
- New regulatory
initiatives
Outlines initiatives currently under development including a second bill for NBDTs.
- Exemptions from the NBDT
regime
Outlines the Reserve Bank’s general policy position relating to exemptions of certain NBDTs and provides a list of exempted institutions.
- Exemptions
process
Outlines how an NBDT can apply for an exemption.
- News and publications
Lists all the relevant news releases and publications.
- Cautions and notices
page
Details the cautions and notices issued by the Reserve Bank on some NBDTs and other financial institutions.
- Q&As and factsheet
Provides various Q&As and a simple factsheet to help investors understand credit ratings
- Sector review
2004-2007
Information detailing the reviews which led to the decision for the Reserve Bank to be the sole regulator of the New Zealand financial system, including NBDTs.
Latest update |
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October 2011 – The Deposit Takers (Persons Declared Not to be Deposit Takers) Regulations 2011 were gazetted on 13 October 2011. These regulations come into effect on 10 November 2011, and reflect a policy position on certain building societies and credit unions. July 2011 – The Minister of Finance issued a press release (PDF 350KB) announcing the August introduction to the House of the Non-Bank Deposit Takers Bill. July 2011 – The Reserve Bank has released a Cabinet Paper (PDF 179KB), following Cabinet approval of policy proposals for a second NBDT Bill. |
