Your browser is not supported

Our website does not support the browser you are using. For a better browsing experience update to a compatible browser like the latest browsers from Chrome, Firefox and Safari.

Have your say

Regulations declaring certain entities not to be NBDTs

This paper to the Cabinet Economic Growth and Infrastructure Commitee proposes that regulations be made under the Non-bank Deposit Takers Act 2013 (NBDT Act) to exclude certain entities from the prudential regime for non-bank deposit takers (NBDTs).

Consultation opened:
Consultation closed:
Published date:
Status:
Closed

Cabinet agreed in 2014 to make regulations declaring certain entities not to be NBDTs for the purposes of the Non-bank Deposit Takers Act 2013. A Cabinet paper and Regulatory Impact Statement (RIS) relating to this decision were released.

These decisions were given effect by the Non-bank Deposit Takers (Declared-out) Entities Regulations 2015. These regulations came into force on 1 April 2015 and in certain specified circumstances exclude from the definition of NBDT:

  • Intragroup funding vehicles
  • Payment facility providers
  • Certain special purpose vehicles
  • Small charities
  • The Public Trust.

Cabinet paper: Regulations excluding certain entities from the scope of the prudential regime for Non-Bank Deposit Takers (PDF 105KB)