Regulatory Alerts2023-04-04
Guidelines for Non-bank Deposit Taker Licence Applicants
The Reserve Bank of New Zealand issued these guidelines to assist applicants in obtaining Non-bank Deposit Taker licences under the Non-bank Deposit Takers Act 2013. The document outlines licensing requirements, assessment criteria, and specific transitional deadlines, requiring existing entities to submit applications by 31 August 2014 for decisions before the 30 April 2015 mandate. It details the necessary documentation, including suitability notices for directors and financial forecasts, while explaining the Bank's holistic approach to evaluating ongoing compliance and risk management capabilities.
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