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DTA DCS timeline

An indicative implementation timeline for the Deposit Takers Act (DTA) and Depositor Compensation Scheme (DCS).

2023

July

  • Deposit Takers Bill passed

August to September

  • Consultation on proportionality framework and DCS levy framework (RBNZ), and Statement of Funding Approach (Treasury)

2024

February to March

  • Consultation on DCS regulations

By April

  • Proportionality framework published

May to June

  • Consultation on core standards*

July to August

  • Consultation on non-core standards*
  • DCS regulations made

2025

Mid-2025

  • DCS commences

October to December

  • Consultation on exposure draft of core standards*

2026

February to April

  • Consultation on exposure draft of non-core standards*

2027

January

  • Core and non-core standards issued

July

  • All remaining regulations made

January 2027 to July 2028

  • Licensing process

2028

July

  • All DTA standards including Single Customer View (SCV) commence

2029

July 

  • Legislative backstop

*Consultations will be released during this timeframe and run for 8 weeks.