2022-02-27

Declarations and exemptions for non-bank deposit takers

The regulator has published details regarding exemptions granted to licensed non-bank deposit takers and their trustees from specific provisions of the Non-bank Deposit Takers Act 2013. The document outlines the statutory powers under Section 70 to grant exemptions and provides the application process for entities seeking such relief. It also describes the declaration power under Section 73 and the 2015 Regulations, noting that no entities are currently declared out of the NBDT definition.

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How we oversee non-bank deposit takers

This section provides details of the exemptions we have granted to licensed non-bank deposit takers (NBDTs) or their trustees from certain provisions of the Non-bank Deposit Takers Act 2013 (the NBDT Act) or its regulations. It also includes information about our powers relating to declarations whereby an entity or class of entities are declared to be, or not to be, an NBDT for the NBDT Act's purposes.

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Exemption power and considerations

This page outlines the power given to us to grant exemptions under Section 70 of the NBDT Act.

Exemption power and considerations

Read Section 70 of the Non-bank Deposit Takers Act 2013

Exemptions granted to non-bank deposit takers

This page provides a list of all exemptions we have granted to date.

Exemptions granted

How a non-bank deposit taker can apply for an exemption

This page outlines the process for a non-bank deposit taker to apply for an exemption.

How a non-bank deposit taker can apply for an exemption

Declaration power and considerations

This page outlines our ability to recommend to the Minister of Finance that regulations be made declaring a person, or a class of persons, to be, or not to be, a non-bank deposit taker for the purposes of the NBDT Act.

Declaration power and considerations

Declarations can be made on our recommendation to the Minister of Finance under the Non-bank Deposit Takers (Declared-out Entities) Regulations 2015. These regulations began on 1 April 2015 and specify the entities or class of entities that are declared not to be an NBDT under Section 73 of the NBDT Act.

Currently there are no declarations.

Read the Non-bank Deposit Takers (Declared-out Entities) Regulations 2015