Cautions and notices

Jan 2020 NBDTs

Non-bank Deposit Taker licence cancelled
At the request of UDC Finance Limited, The Reserve Bank has cancelled UDC’s Non-bank Deposit Takers licence on 15 January 2020, under section 21(h) of the Non-bank Deposit Takers Act 2013.

Dec 2019 FMI

Summary of submissions on the exposure draft of the FMI Bill published and FMI Bill introduced into parliament.

Go to Financial Market Infrastructures regulatory developments page

Dec 2019 Banks

Capital Review release: Background materials and a detailed response to submissions on the final consultation paper

Go to Capital Review consultation webpage

Dec 2019 Banks

The Reserve Bank has published the final decisions of its Capital Review.

Go to the Capital Review consultation page.

Nov 2019 NBDTs

Non-bank Deposit Taker licence cancelled
The Reserve Bank gives notice that the Non-bank Deposit Takers licences granted to Aotearoa Credit Union, Credit Union South and Credit Union Central were cancelled on 25 November 2019 pursuant to section 21(f) of the Non-bank Deposit Takers Act 2013, following their transfer of engagement to Credit Union Baywide, and their subsequent removal from the Register of Credit Unions.