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
March to May
- Consultation on DTA regulations (tranche 1 - Depositor Compensation Scheme (DCS))
March
- Proportionality framework (PDF, 323KB) published
May to August
August to November
2025
January
- DTA regulations (tranche 1) published
May
- Summary of submissions and policy decisions on the Liquidity, Depositor Compensation Scheme (DCS) and Disclosure standards
- DCS Transitional Standard (PDF, 426KB) published
- DCS Product Hierarchy (PDF, 212KB) published
July
- DCS commences on 1 July
August
- Summary of submissions and policy decisions on the Capital Standard published
- Consultation on the key capital settings
October to November 2025
- Consultation on DTA regulations required for licensing
- Consultation on the use of restricted words under the DTA
October 2025 to January 2026
- Consultation on DTA standards exposure drafts and guidance tranche 1 (Liquidity, DCS, Lending, and Incorporation outside New Zealand standards)
- Consultation on Group Supervision Policy
November 2025
- Licensing approach communicated to existing deposit takers. For more information, read the opening remarks and presentation from our November 2025 industry webinar
2026
February to May
- Consultation on DTA standards exposure drafts and guidance tranche 2 (Governance; Risk Management; Disclosure Statements; Business Transfers, Holding Entity, and Restricted Activities; and Reporting standards)
June to September
- Consultation on DTA standards exposure drafts and guidance tranche 3 (Capital, Disclosure Statements (remainder), Operational Resilience, Outsourcing, and Related Party Exposure standards)
- Consultation on a Crisis Preparedness package which will include a Crisis Management Framework overview and a range of standards covering:
- Recovery Planning and Resolvability Pre-positioning
- Loss Absorbing Capacity (LAC) requirements
- Continuity of Access to Deposits (CoAD), formerly Open Bank Resolution (OBR)
2027
January to March
- DTA regulations required for licensing made
- Planned consultation on final set of DTA Regulations to commence in 2028 (largely relating to operationalising the No creditor or shareholder worse off regime, Part 7, Subpart 9 and final DCS regulations)
February
- Consult on Loss Absorbing Capacity (LAC) requirements exposure draft
May
- All DTA standards issued by 31 May (includes Loss Absorbing Capacity (LAC) requirements but not Crisis Preparedness Standard or Continuity of Access to Deposits (CoAD) Standard)
- Consultation on exposure draft of Crisis Preparedness Standard and Continuity of Access to Deposits (CoAD) Standard
June
- Licensing application period commences 1 June. Applications from existing deposit takers can be submitted from this date until the applicable due date.
September
- Licence applications from existing standalone branches due by Friday 3 September
October
- Licence applications from existing Group 3 deposit takers due by Friday 29 October
2028
June
- Remaining DTA regulations
- Licence applications from existing Group 1 deposit takers and their branch counterparts due by Friday 2 June
July
- Licence applications from existing Group 2 deposit takers and their branch counterparts due by Friday 28 July
December
- All DTA standards commence 1 December 2028 (except Crisis Preparedness Standard and Continuity of Access to Deposits (CoAD) Standard)
Late 2028
- Crisis Preparedness Standard and Continuity of Access to Deposits (CoAD) Standard issued