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 and
declarations
Outlines the Reserve Bank’s general policy position relating to exemptions of certain NBDTs, and regulations declaring a person to be, or not to be, an NBDT. It also sets out how an NBDT can apply for an exemption, as well as a list of exemptions granted and declarations made under the Act.
- 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 |
|
April 2013 – The Reserve Bank released the Review of the Prudential Regime for Non-bank Deposit Takers (PDF 384KB). Submissions close on 17 May 2013. November 2012 – The Deposit Takers (Extension of Terms) Exemption Notice 2012 was gazetted on 22 November 2012. The notice extends the term of three existing exemption notices. The revised expiry dates are now 1 March 2016, for the ‘Credit Rating Minimum Threshold’ exemption, and 30 November 2013, for the ‘Charitable and Religious Organisations’ and ‘Non-trustees Entities Risk Management’ exemptions. The latter two exemptions have only been extended for a short period to allow for the completion of a more detailed review of these exemptions. |
