Regulatory Alerts2022-05-17
Suitability Notice for Directors under the Non-Bank Deposit Takers Act 2013
The Reserve Bank of New Zealand issues this template to require proposed and current directors of Non-Bank Deposit Takers to formally declare their suitability as part of the licensing process. The form mandates the collection of personal and contact details, requires certification regarding any suitability concerns under the 2014 Regulations, and secures director consent for credit and criminal background checks. Applicants must submit the completed notice with their full licence package, and the Reserve Bank will handle all disclosed information as confidential data under the Non-Bank Deposit Takers Act 2013.
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