DTA near-final relicensing questions for existing deposit takers

Version 14 September 2026 – near-final relicensing questions 3 Version history 14 September 2026 Published alongside the initial relicensing questions guidance released on 14 September 2026.

Version 14 September 2026 – near-final relicensing questions 4 Introduction The Reserve Bank of New Zealand – Te Pūtea Matua (the Reserve Bank, RBNZ, we) is undertaking a multi-year programme of work to implement the Deposit Takers Act 2023 (the DTA). This document is for existing deposit takers who intend to apply for a licence under the DTA – also referred to as relicensing. The relicensing period will commence on 1 June 2027 and run for 18 months until the DTA commences on 1 December 2028. The relicensing process focuses on a deposit taker’s ability to comply with the core standards applicable to its proportionality group. These are the standards that will apply to each group for relicensing:

Group 1: Capital, Internal Models, Liquidity, DCS, Disclosure Statements and Reporting (6
standards)
Group 2: Capital, Liquidity, DCS, Disclosure Statements and Reporting (5 standards)
Group 3: Capital, Liquidity, DCS and Reporting (4 standards)
Branches: Liquidity, Disclosure Statements and Reporting (3 standards)
Purpose
This document gives registered banks and non-bank deposit takers an advance view of the nearfinal relicensing questions to support their compliance planning. The questions are based on the latest drafts of the relevant DTA standards. They may change to reflect minor technical or drafting changes made before the standards are finalised. We will advise deposit takers of any changes. The document is designed to be read alongside the Guidance Note Review the Guidance Note on the RBNZ website. Visit the dedicated DTA section of our website to find other useful information.

Version 14 September 2026 – near-final relicensing questions 5 Contents
Introduction.............................................................................................................................................................. 4
Group 1 relicensing questions..........................................................................................................................7
Group 2 relicensing questions........................................................................................................................14
Group 3 relicensing questions.......................................................................................................................23
Branch relicensing questions .........................................................................................................................30

Version 14 September 2026 – near-final relicensing questions 6 Group 1 relicensing pack Questions relating to core standards for the purposes of relicensing Group 1 deposit takers

Version 14 September 2026 – near-final relicensing questions 7 Group 1 relicensing questions Capital
Part 2 – Capital requirements
Clause 16 • How will you ensure your combined capital ratio meets, or exceeds, the LAC requirements under clause 16?

When will you be ready to implement this?
Clauses 24-34 • How will you ensure your ICAAP is appropriate and comprehensive? Comment on the content, approval, risk monitoring and reporting, and the frequency of reviews and updates
When will you be ready to implement this?
Part 7 – Capital requirement for market risk
Clauses 272-
276
How will you designate and manage trading book and banking book instruments?
Comment on any new, or modifications to, systems and procedures needed.
When will you be ready to implement this?
Clauses 278-
279
How will you establish, implement, maintain, and comply with your policy and
procedures regarding your trading book? Comment on the content of the policy and procedures, how internal controls and processes will operate (including restricted movement of instruments between books), and the frequency of review.
When will you be ready to implement this?
Clause 280-
285
How will you ensure internal risk transfers are correctly treated in capital
calculations, including any associated hedges and short positions?
When will you be ready to implement this?
Part 8 – Capital requirement for operational risk
Clauses 288-
292
How will you calculate your capital requirement for operational risk? Comment on
how you will calculate individual components and any new, or modifications to, systems and procedures needed.
When will you be ready to implement this?
Schedule 1 – Transitional, savings, and related provisions
Clause 3 • How will you apply the derecognition of existing AT1 as set out in Schedule 1, Clause 3?
When will you be ready to implement this?
Negative assurance

Version 14 September 2026 – near-final relicensing questions 8 Clauses 11, 13, 14, 17, 21, 37, 84, 142, 143, 144, 145, 148, 235, 237, 267, 270, 271, 303, 306

We have also identified changes in requirements to the following clauses in the
Capital Standard. Please ensure you are familiar with the changes before answering. The full list of these changes can be found in the Guidance Note. 11 - Meaning of solo basis 13 - Tier 1 capital ratio 14 - Combined capital ratio 17 – Combined buffer ratio 21 – Distribution restrictions relating to combined buffer ratio 37 - Meaning of total capital 84 – Deposit taker must notify Bank of new instrument to be used for capital requirements 142 - Exposure to small and medium enterprises 143 - Farm lending exposure 144 - Valuation policy for farm lending exposures 145 - Community housing provider 148 - Meaning of residential mortgage loan (RML) 235 - Restrictions on including own equity and fixed assets in calculations 237 - Calculation of capital requirement for market risk 267 - Scope of calculation 270 - Scope of calculation 271 - Valuation of equity instruments 303 – Minimum requirements 306 – Methods of clean transfer To the best of your knowledge, are there any matters which may affect your ability to comply with these clauses when the Standard comes into force? Outline these below and include any mitigants. All remaining clauses not specified
To the best of your knowledge, are there any other matters which may affect your
ability to comply with the Capital Standard, including any requirements not explicitly addressed above, when it comes into force? Outline these below and include any mitigants. Internal Models Negative assurance ANZ, ASB, BNZ, Westpac All remaining clauses not specified
To the best of your knowledge, are there any other matters
which may affect your ability to comply with the Internal Models Standard when it comes into force? Outline these below and describe any mitigants.

Version 14 September 2026 – near-final relicensing questions 9 Liquidity
Part 1 – General provisions
Clause 5 • If you will rely on assumptions when calculating your liquidity, how will you document these? Include commentary on how often you will review these assumptions.

When will you be ready to implement this?
Part 2 – Liquidity management
Clause 6 • Confirm you will have procedures which your employees and agents will be required to follow to ensure you maintain liquidity sufficient to meet your obligations. Clause 8 • Confirm you will have a contingency funding plan which will be approved by your governing body and reviewed at least every three years. Clause 9 • Confirm you will have a funding strategy which will:
o specify the period to which it relates; o be approved by your governing body; and o be reviewed at least every three years.
Part 3 – Mismatch ratio and core funding ratio
Clause 11 • How will you maintain a mismatch ratio equal to or greater than 100% on a continuous basis? Comment on whether maintaining the ratio on a continuous basis will require modifications to your systems or controls.
When will you be ready to implement this?
Clause 14 • Confirm you will calculate liquid assets as defined in clause 14. Clause 15 • Confirm you will calculate net cash outflows as defined in clause 15. Clause 16 • Confirm you will calculate cash outflows as defined in clause 16. Clause 17 • Confirm you will calculate cash inflows as defined in clause 17. Clause 19 • How will you maintain a core funding ratio equal to or greater than 75% on a continuous basis? Comment on whether maintaining the ratio on a continuous basis will require modifications to your systems or controls.
When will you be ready to implement this?
Clause 22 • Confirm you will calculate core funding as defined in clause 22. Negative assurance

Version 14 September 2026 – near-final relicensing questions 10 All remaining clauses not specified

To the best of your knowledge, are there any other matters which may affect your
ability to comply with the Liquidity Standard when it comes into force? Outline these below and describe any mitigants. Depositor Compensation Scheme The final set of questions for the DCS Standard will reflect all changes made since the publication of the exposure draft and will be published alongside the final standards, which are scheduled to be issued in May

Examples of the major updates we expect to make to the questions include:

Changes to exposure draft clauses 30 to 32 to reflect clarifications to the requirements for preparing
and providing a single depositor view (SDV). Some information previously required to be included in the SDV is now required to be included in a depositor information file (DIF).
Changes to exposure draft clause 33 to reflect clarifications to the testing requirements.
Ahead of relicensing
Determining applicability of Part 2 or 3
Confirm you will use [a depositor page/an alternate model] once the DCS standard
is in force. This will determine whether your licensing application displays questions relating to Part 2 or Part 3 of the standard.
Part 1 – Information about depositor compensation scheme
Clause 6 • How will you comply with the restrictions on information about the DCS when advertising a financial product?
When will you be ready to implement this?
Clauses 7-9 • How, and in what circumstances, will you utilise the DCS logo?
When displaying the logo, how will you incorporate RBNZ’s information page?
(Selection options:

Link directly to RBNZ’s page
Maintain our own DCS page which links to RBNZ’s page.)

When will you be ready to implement this?
Clause 10 • How, and in what circumstances, will you provide a DCS information sheet to depositors?
When will you be ready to implement this?
Part 2 – DCS depositor page
Clause 14 Confirm your depositor page will be configured so that:
Authorised individuals can provide depositor information for each depositor for
which they are authorised; and
Such depositor information is linked to the relevant depositor.
Clause 18 If a specified event notice is issued, confirm your online software can:

Version 14 September 2026 – near-final relicensing questions 11

Deactivate the means for persons to use the software to manage accounts; and
Keep active the means for persons to view account balances and transactions.
Clause 22 • How will you test your depositor page?
Comment on your testing frequency and managing unexpected results.
How will you provide information about your testing results to the Bank?
When will you be ready to implement this?
Part 4 – Single depositor view
Clauses 30(1) and 30(2)(a)
How will you produce a single depositor view (SDV)? If applicable, comment on any
SDV information outlined in the SDV variables table which is known to you but cannot be included in the SDV.
When will you be ready to implement this?
Clauses
30(2)(b)-(c) and 31
How, when, and in what format, will you provide an SDV to the Bank when a
specified event notice is issued?
When will you be ready to implement this?
Clause 33 • How will you test your SDV? Comment on your testing frequency and managing unexpected results.
What information about your testing results will you provide to the Bank?
When will you be ready to implement this?
Negative assurance
All remaining clauses not specified
To the best of your knowledge, are there any other matters which may affect your
ability to comply with the DCS Standard when it comes into force? Outline these below and describe any mitigants. Disclosure Statements
Part 2 – General deposit taker information in disclosure statements
Clause 15 • Confirm you will present the information in your disclosure statements in the required manner as defined in clause 15. Clause 29 • How will you describe the objectives, main features and other specified information regarding your remuneration policy as required under clause 29?
When will you be ready to implement this?
Clause 30 • How will you ensure your year-end disclosure statements describe the remuneration of senior managers as required under clause 30?
When will you be ready to implement this?

Version 14 September 2026 – near-final relicensing questions 12 Clause 33 • How will you ensure you disclose any contraventions of prudential obligations in your mid-year and year-end disclosure statements as required under clause 33?

When will you be ready to implement this?
Part 9 – Information about lending
Clauses 93 and 96
How will you disclose information on loan-to-value ratios and debt-to-income
restrictions as required under clause 93 and 96?
When will you be ready to implement this?
Part 12 – Information relating to financial statements
Clause 136 • How will you disclose the breakdown of credit risk exposure in mid-year and yearend disclosure statements?
When will you be ready to implement this?
Part 13 – Disclosure statement policy
Clauses 139-
142
How will you establish, implement, maintain, and comply with your disclosure
statement policy? Comment on the content of the policy, how internal controls and processes will operate, the frequency of policy review and the responsible person.
When will you be ready to implement this?
Negative assurance
Clauses 7, 10,
11, 16, 23, 24,
28, 31, 35, 38,
43, 45, 55, 65,
70, 77, 78, 86,
92, 111, 112,
114, 117, 118,
119, 120, 123,
125, 134
We have also identified changes in requirements to the following clauses in the
Disclosure Statements Standard. Please ensure you are familiar with the changes before answering. The full list of these changes can be found in the Guidance Note. Cl 7 – How deposit taker must publish disclosure statement Cl 10 - Year-end disclosure statement must be accompanied by financial statements Cl 11 - Mid-year disclosure statement must be accompanied by interim financial statements Cl 16 – Availability of information on financial strength dashboard Cl 23 – Contact information Cl 24 – Details of certain holding entities Cl 28 – Audit, risk, and remuneration committees Cl 31 – Credit rating Cl 35 – Priority of creditors' claims Cl 38 – Information about depositor compensation scheme Cl 43 – Capital ratios Cl 45 – Capital ratio information about supervised overseas holding entities and their subsidiaries Cl 55 – Credit valuation adjustment (CVA) capital charge Cl 65 – Lending subject to standardised approach off-balance-sheet exposures Cl 70 – Credit risk mitigation Cl 77 – Operational risk Cl 78 – Market risk end-period capital charges Cl 86 – Exposure to non-consolidated insurance business Cl 92 – Mismatch ratio and core funding ratio Cl 111 – Large exposures

Version 14 September 2026 – near-final relicensing questions 13 Cl 112 – Peak end-of-day total credit exposures Cl 114 – Meaning of categories of risk Cl 117 – Reviews of risk management framework Cl 118 – Internal audit function of deposit taker Cl 119 – Access to holding entity disclosures Cl 120 – Mid-year disclosure statement Cl 123 – Statement of financial position Cl 125 – Statement of financial performance Cl 134 – Movements in components of loss allowance To the best of your knowledge, are there any matters which may affect your ability to comply with these changes when the Standard comes into force? Outline these below and describe any mitigants. All remaining clauses not specified

To the best of your knowledge, are there any other matters which may affect your
ability to comply with the Disclosure Statements Standard, including any requirements not explicitly addressed above, when it comes into force? Outline these below and describe any mitigants. Reporting
Part 3 – Financial strength dashboard
Clause 27 • Confirm your website will display the statement on the availability of information on the financial strength dashboard as required under clause 27. Data collection templates (surveys) DCS Aggregate Information
How will you complete and submit the DCS Aggregate Information survey to the
bank each reporting period? Comment on any new, or modifications to, systems and procedures needed.
When will you be ready to implement this?
Liquidity • How will you update your systems or procedures to capture any new, or changes to, data fields in the Liquidity survey?
When will you be ready to implement this?
Negative assurance
All remaining clauses not specified
To the best of your knowledge, are there any other matters which may affect your
ability to comply with the Reporting Standard, including any requirements not explicitly addressed above, when it comes into force? Outline these below and describe any mitigants.

Version 14 September 2026 – near-final relicensing questions 14 Group 2 relicensing pack Questions relating to core standards for the purposes of relicensing Group 2 deposit takers

Version 14 September 2026 – near-final relicensing questions 15 Group 2 relicensing questions Capital
Part 2 – Capital requirements
Clauses 24-34 • How will you ensure your ICAAP is appropriate and comprehensive? Comment on the content, approval, risk monitoring and reporting, and the frequency of reviews and updates

When will you be ready to implement this?
Part 7 – Capital requirement for market risk
Clauses 272-
276
How will you designate and manage trading book and banking book instruments?
Comment on any new, or modifications to, systems and procedures needed.
When will you be ready to implement this?
Clauses 278-
279
How will you establish, implement, maintain, and comply with your policy and
procedures regarding your trading book? Comment on the content of the policy and procedures, how internal controls and processes will operate (including restricted movement of instruments between books), and the frequency of review.
When will you be ready to implement this?
Clause 280-
285
How will you ensure internal risk transfers are correctly treated in capital
calculations, including any associated hedges and short positions?
When will you be ready to implement this?
Part 8 – Capital requirement for operational risk
Clauses 288-
292
How will you calculate your capital requirement for operational risk? Comment on
how you will calculate individual components and any new, or modifications to, systems and procedures needed.
When will you be ready to implement this?
Schedule 1 – Transitional, savings, and related provisions
Clause 3 • How will you apply the derecognition of existing AT1 as set out in Schedule 1, Clause 3?
When will you be ready to implement this?
Negative assurance
Clauses 11, 13,
14, 17, 21, 37,
84, 142, 143,
144, 145, 148,
235, 237, 267,
We have also identified changes in requirements to the following clauses in the
Capital Standard. Please ensure you are familiar with the changes before answering. The full list of these changes can be found in the Guidance Note. 11 - Meaning of solo basis 13 - Tier 1 capital ratio 14 - Combined capital ratio

Version 14 September 2026 – near-final relicensing questions 16 270, 271, 303, 306 17 – Combined buffer ratio 21 – Distribution restrictions relating to combined buffer ratio 37 - Meaning of total capital 84 – Deposit taker must notify Bank of new instrument to be used for capital requirements 142 - Exposure to small and medium enterprises 143 - Farm lending exposure 144 - Valuation policy for farm lending exposures 145 - Community housing provider 148 - Meaning of residential mortgage loan (RML) 235 - Restrictions on including own equity and fixed assets in calculations 237 - Calculation of capital requirement for market risk 267 - Scope of calculation 270 - Scope of calculation 271 - Valuation of equity instruments 303 – Minimum requirements 306 – Methods of clean transfer To the best of your knowledge, are there any matters which may affect your ability to comply with these clauses when the Standard comes into force? Outline these below and include any mitigants. All remaining clauses not specified

To the best of your knowledge, are there any other matters which may affect your
ability to comply with the Capital Standard, including any requirements not explicitly addressed above, when it comes into force? Outline these below and include any mitigants. Liquidity
Part 1 – General provisions
Clause 5 • If you will rely on assumptions when calculating your liquidity, how will you document these? Include commentary on how often you will review these assumptions.
When will you be ready to implement this?
Part 2 – Liquidity management
Clause 6 • Confirm you will have procedures which your employees and agents will be required to follow to ensure you maintain liquidity sufficient to meet your obligations. Clause 8 • Confirm you will have a contingency funding plan which will be approved by your governing body and reviewed at least every three years. Clause 9 • Confirm you will have a funding strategy which will:
o specify the period to which it relates;

Version 14 September 2026 – near-final relicensing questions 17 o be approved by your governing body; and o be reviewed at least every three years.
Part 3 – Mismatch ratio and core funding ratio
Clause 11 • How will you maintain a mismatch ratio equal to or greater than 100% on a continuous basis? Comment on whether maintaining the ratio on a continuous basis will require modifications to your systems or controls.

When will you be ready to implement this?
Clause 12 • If you have a qualifying subsidiary under clause 12, how will you maintain a second mismatch ratio in relation to that subsidiary's business? Clause 14 • Confirm you will calculate liquid assets as defined in clause 14. Clause 15 • Confirm you will calculate net cash outflows as defined in clause 15. Clause 16 • Confirm you will calculate cash outflows as defined in clause 16. Clause 17 • Confirm you will calculate cash inflows as defined in clause 17. Clause 19 • How will you maintain a core funding ratio equal to or greater than 75% on a continuous basis? Comment on whether maintaining the ratio on a continuous basis will require modifications to your systems or controls.
When will you be ready to implement this?
Clause 20 • If you have a qualifying subsidiary under clause 20, how will you maintain a second core funding ratio in relation to that subsidiary's business? Clause 22 • Confirm you will calculate core funding as defined in clause 22. Negative assurance All remaining clauses not specified
To the best of your knowledge, are there any other matters which may affect your
ability to comply with the Liquidity Standard when it comes into force? Outline these below and describe any mitigants. Depositor Compensation Scheme The final set of questions for the DCS Standard will reflect all changes made since the publication of the exposure draft and will be published alongside the final standards, which are scheduled to be issued in May

Examples of the major updates we expect to make to the questions include:

Changes to exposure draft clauses 30 to 32 to reflect clarifications to the requirements for preparing
and providing a single depositor view (SDV). Some information previously required to be included in the SDV is now required to be included in a depositor information file (DIF).
Changes to exposure draft clause 33 to reflect clarifications to the testing requirements.

Version 14 September 2026 – near-final relicensing questions 18 Ahead of relicensing Determining applicability of Part 2 or 3

Confirm you will use [a depositor page/an alternate model] once the DCS standard
is in force. This will determine whether your licensing application displays questions relating to Part 2 or Part 3 of the standard.
Part 1 – Information about depositor compensation scheme
Clause 6 • How will you comply with the restrictions on information about the DCS when advertising a financial product?
When will you be ready to implement this?
Clauses 7-9 • How, and in what circumstances, will you utilise the DCS logo?
When displaying the logo, how will you incorporate RBNZ’s information page?
(Selection options:

Link directly to RBNZ’s page
Maintain our own DCS page which links to RBNZ’s page.)

When will you be ready to implement this?
Clause 10 • How, and in what circumstances, will you provide a DCS information sheet to depositors?
When will you be ready to implement this?
Clause 14 Confirm your depositor page will be configured so that:
Authorised individuals can provide depositor information for each depositor for
which they are authorised; and
Such depositor information is linked to the relevant depositor.
Clause 18 If a specified event notice is issued, confirm your online software can:
Deactivate the means for persons to use the software to manage accounts; and
Keep active the means for persons to view account balances and transactions.
Clause 22 • How will you test your depositor page?
Comment on your testing frequency and managing unexpected results.
How will you provide information about your testing results to the Bank?
When will you be ready to implement this?
Part 4 – Single depositor view
Clauses 30(1) and 30(2)(a)
How will you produce a single depositor view (SDV)? If applicable, comment on any
SDV information outlined in the SDV variables table which is known to you but cannot be included in the SDV.
When will you be ready to implement this?

Version 14 September 2026 – near-final relicensing questions 19 Clauses 30(2)(b)-(c) and 31

How, when, and in what format, will you provide an SDV to the Bank when a
specified event notice is issued?
When will you be ready to implement this?
Clause 33 • How will you test your SDV? Comment on your testing frequency and managing unexpected results.
What information about your testing results will you provide to the Bank?
When will you be ready to implement this?
Negative assurance
All remaining clauses not specified
To the best of your knowledge, are there any other matters which may affect your
ability to comply with the DCS Standard when it comes into force? Outline these below and describe any mitigants. Disclosure Statements
Part 2 – General deposit taker information in disclosure statements
Clause 15 • Confirm you will present the information in your disclosure statements in the required manner as defined in clause 15. Clause 29 • How will you describe the objectives, main features and other specified information regarding your remuneration policy as required under clause 29?
When will you be ready to implement this?
Clause 30 • How will you ensure your year-end disclosure statements describe the remuneration of senior managers as required under clause 30?
When will you be ready to implement this?
Clause 33 • How will you ensure you disclose any contraventions of prudential obligations in your mid-year and year-end disclosure statements as required under clause 33?
When will you be ready to implement this?
Part 9 – Information about lending
Clauses 93 and 96
How will you disclose information on loan-to-value ratios and debt-to-income
restrictions as required under clause 93 and 96?
When will you be ready to implement this?
Part 12 – Information relating to financial statements
Clause 136 • How will you disclose the breakdown of credit risk exposure in mid-year and yearend disclosure statements?
When will you be ready to implement this?

Version 14 September 2026 – near-final relicensing questions 20
Part 13 – Disclosure statement policy
Clauses 139-
142

How will you establish, implement, maintain, and comply with your disclosure
statement policy? Comment on the content of the policy, how internal controls and processes will operate, the frequency of policy review and the responsible person.
When will you be ready to implement this?
Negative assurance
Clauses 7, 10,
11, 16, 23, 24,
28, 31, 35, 38,
43, 45, 55, 77,
78, 86, 111,
112, 114, 117,
118, 119, 120,
123, 125, 134
We have also identified changes in requirements to the following clauses in the
Disclosure Statements Standard. Please ensure you are familiar with the changes before answering. The full list of these changes can be found in the Guidance Note. Cl 7 – How deposit taker must publish disclosure statement Cl 10 - Year-end disclosure statement must be accompanied by financial statements Cl 11 - Mid-year disclosure statement must be accompanied by interim financial statements Cl 16 – Availability of information on financial strength dashboard Cl 23 – Contact information Cl 24 – Details of certain holding entities Cl 28 – Audit, risk, and remuneration committees Cl 31 – Credit rating Cl 35 – Priority of creditors' claims Cl 38 – Information about depositor compensation scheme Cl 43 – Capital ratios Cl 45 – Capital ratio information about supervised overseas holding entities and their subsidiaries Cl 55 – Credit valuation adjustment (CVA) capital charge Cl 77 – Operational risk Cl 78 – Market risk end-period capital charges Cl 86 – Exposure to non-consolidated insurance business Cl 92 – Mismatch ratio and core funding ratio Cl 111 – Large exposures Cl 112 – Peak end-of-day total credit exposures Cl 114 – Meaning of categories of risk Cl 117 – Reviews of risk management framework Cl 118 – Internal audit function of deposit taker Cl 119 – Access to holding entity disclosures Cl 120 – Mid-year disclosure statement Cl 123 – Statement of financial position Cl 125 – Statement of financial performance Cl 134 – Movements in components of loss allowance To the best of your knowledge, are there any matters which may affect your ability to comply with these changes when the Standard comes into force? Outline these below and describe any mitigants. All remaining clauses not specified
To the best of your knowledge, are there any other matters which may affect your
ability to comply with the Disclosure Statements Standard, including any requirements not explicitly addressed above, when it comes into force? Outline these below and describe any mitigants.

Version 14 September 2026 – near-final relicensing questions 21 Reporting
Part 3 – Financial strength dashboard
Clause 27 • Confirm your website will display the statement on the availability of information on the financial strength dashboard as required under clause 27. Data collection templates (surveys) Capital Adequacy - Supplementary

Confirm you will update your systems and procedures to allow you to report on
new counterparty categories in the Capital Adequacy - Supplementary survey. DCS Aggregate Information
How will you complete and submit the DCS Aggregate Information survey to the
bank each reporting period? Comment on any new, or modifications to, systems and procedures needed.
When will you be ready to implement this?
Liquidity • How will you update your systems or procedures to capture any new, or changes to, data fields in the Liquidity survey?
When will you be ready to implement this?
Negative assurance
All remaining clauses not specified
To the best of your knowledge, are there any other matters which may affect your
ability to comply with the Reporting Standard, including any requirements not explicitly addressed above, when it comes into force? Outline these below and describe any mitigants.

Version 14 September 2026 – near-final relicensing questions 22

Group 3 relicensing pack
Questions relating to core standards for the purposes of relicensing Group 3 deposit takers

Version 14 September 2026 – near-final relicensing questions 23 Group 3 relicensing questions Capital Overall

How will you determine which provisions of the Capital Standard apply to your institution, and what
process will you use to identify when a change in business activity might alter that assessment?
When will you be ready to implement this?
Capital adequacy requirements
How will you ensure your capital meets the capital base, minimum ratio requirements and the
combined buffer ratios requirements under the Standard? Comment on any assumptions, key risks and proposed mitigants.
How will you ensure compliance with capital base, minimum ratio requirements and the combined
buffer ratio will be maintained on an ongoing basis? Comment on monitoring arrangements, key risks and proposed mitigants
When will you be ready to implement this?
Capital management
What systems, policies, controls and governance arrangements will you have in place to calculate
eligible capital (including any adjustments). Comment on how these, and any calculations, will be reviewed, approved and independently validated.
When will you be ready to implement this?
How will you ensure that capital instruments used to meet requirements of the Standard remain
eligible? Comment on any subordinated debt that may be treated as Tier 2 capital, and any perpetual preference shares issued to meet the capital requirements of the Deposit Takers (Credit Ratings, Capital Ratios, and Related Party Exposures) Regulations 2010 including how will you manage the transitional period and any potential impacts on capital.
When will you be ready to implement this?
Risk weights
What systems, policies and controls will you have in place for calculating risk weights for credit risk,
market risk and operational risk.
When will you be ready to implement this?
Which of the available approaches to credit risk mitigation do you intend to use?
[Dropdown options:

The standardised approach under clause 187
The simplified approach under clause 189]
[IF DT SELECTS SIMPLIFIED APPROACH]

How will you ensure you apply this approach consistently across all exposures?
When will you be ready to implement this?

Version 14 September 2026 – near-final relicensing questions 24 [IF DT SELECTS STANDARDISED APPROACH]

How will you ensure you apply this approach consistently across all exposures?
How will you ensure any on-balance-sheet netting arrangements are enforceable?
How will you ensure that collateral, guarantees and credit derivatives are, and remain, eligible?
When will you be ready to implement this?
ICAAP
How will the Board satisfy itself that it has sufficient information, understanding, and opportunity for
challenge to approve the ICAAP on an informed basis?
Describe your ICAAP, including how material risks will be identified, assessed, monitored and
incorporated into capital planning. Comment on how you will approve and review your ICAAP including out of cycle reviews.
When will you be ready to implement this?
Other
How will you ensure you have processes and controls in place for complying with the notification and
approval requirements relating to changes in capital?
When will you be ready to implement this?
Explain the extent to which any of the following form, or are expected to form, part of your business:
o funds management o securitisation activities o affiliated insurance business o loan transfers
If relevant, describe how these arrangements comply with Part 9 of the Capital Standard.
When will you be ready to implement this?
Negative assurance
All remaining clauses not specified
To the best of your knowledge, are there any other matters which may affect your
ability to comply with the Capital Standard, including any requirements not explicitly addressed above, when it comes into force? Outline these below and include any mitigants. Liquidity
Part 1 – General provisions
Clause 5 • If you will rely on assumptions when calculating your liquidity, how will you document these? Include commentary on how often you will review these assumptions.
When will you be ready to implement this?
Part 2 – Liquidity management

Version 14 September 2026 – near-final relicensing questions 25 Clause 6 • Confirm you will have procedures which your employees and agents will be required to follow to ensure you maintain liquidity sufficient to meet your obligations. Clause 7 • Detail what processes, controls or other arrangements you will have to project cash flows in normal and stress conditions?

When will you be ready to implement this?
Clause 8 • How will your contingency funding plan enable you to address a range of actual or potential liquidity shortfalls? Comment on who will approve the plan and how frequently it will be reviewed.
When will you be ready to implement this?
Clause 9 • How will your funding strategy enable you manage your funding? Comment on who will approve the strategy and how frequently it will be reviewed.
When will you be ready to implement this?
Part 4 – Simplified mismatch ratio
Clause 24 • How will you maintain a simplified mismatch ratio equal to or greater than 100% on a continuous basis? Comment on modifications you will make to your current liquidity calculation process.
When will you be ready to implement this?
Clause 27 • Confirm you will calculate liquid assets as defined in clause 27. Clause 28 • Confirm you will calculate net cash outflows as defined in clause 28. Clause 29 • Confirm you will calculate cash outflows as defined in clause 29. Clause 30 • Confirm you will calculate cash inflows as defined in clause 30. Negative assurance All remaining clauses not specified
To the best of your knowledge, are there any other matters which may affect your
ability to comply with the Liquidity Standard when it comes into force? Outline these below and describe any mitigants. Depositor Compensation Scheme The final set of questions for the DCS Standard will reflect all changes made since the publication of the exposure draft and will be published alongside the final standards, which are scheduled to be issued in May

Examples of the major updates we expect to make to the questions include:

Changes to exposure draft clauses 30 to 32 to reflect clarifications to the requirements for preparing
and providing a single depositor view (SDV). Some information previously required to be included in the SDV is now required to be included in a depositor information file (DIF).

Version 14 September 2026 – near-final relicensing questions 26

Changes to exposure draft clause 33 to reflect clarifications to the testing requirements.
Ahead of relicensing
Determining applicability of Part 2 or 3
Confirm you will use [a depositor page/an alternate model] once the DCS standard
is in force. This will determine whether your licensing application displays questions relating to Part 2 or Part 3 of the standard.
Part 1 – Information about depositor compensation scheme
Clause 6 • How will you comply with the restrictions on information about the DCS when advertising a financial product?
When will you be ready to implement this?
Clauses 7-9 • How, and in what circumstances, will you utilise the DCS logo?
When displaying the logo, how will you incorporate RBNZ’s information page?
(Selection options:

Link directly to RBNZ’s page
Maintain our own DCS page which links to RBNZ’s page.)

When will you be ready to implement this?
Clause 10 • How, and in what circumstances, will you provide a DCS information sheet to depositors?
When will you be ready to implement this?
Part 2 – DCS depositor page (or alternatively, Part 3)
Clause 14 Confirm your depositor page will be configured so that:
Authorised individuals can provide depositor information for each depositor for
which they are authorised; and
Such depositor information is linked to the relevant depositor.
Clause 18 If a specified event notice is issued, confirm your online software can:
Deactivate the means for persons to use the software to manage accounts; and
Keep active the means for persons to view account balances and transactions.
Clause 22 • How will you test your depositor page?
Comment on your testing frequency and managing unexpected results.
How will you provide information about your testing results to the Bank?
When will you be ready to implement this?
Part 3 – Alternate model to DCS depositor page (or alternatively, Part 2)
Clause 24 • Outline on what grounds you are eligible to use an alternate model, with reference to clause 24.
How will you review your eligibility if circumstances change?

Version 14 September 2026 – near-final relicensing questions 27 Clauses 26-27 • What steps will you take to hold depositor information for eligible depositors at all times? Comment on how you will keep this information up to date, and record when it was last updated.

When will you be ready to implement this?
Clause 28 If a specified event notice is issued to you, confirm your online software can:
Clearly and prominently display a statement as specified in clause 28(3) of the
standard.
Part 4 – Single depositor view
Clauses 30(1) and 30(2)(a)
How will you produce a single depositor view (SDV)? If applicable, comment on any
SDV information outlined in the SDV variables table which is known to you but cannot be included in the SDV.
When will you be ready to implement this?
Clauses
30(2)(b)-(c) and 31
How, when, and in what format, will you provide an SDV to the Bank when a
specified event notice is issued?
When will you be ready to implement this?
Clause 33 • How will you test your SDV? Comment on your testing frequency and managing unexpected results.
What information about your testing results will you provide to the Bank?
When will you be ready to implement this?
Negative assurance
All remaining clauses not specified
To the best of your knowledge, are there any other matters which may affect your
ability to comply with the DCS Standard when it comes into force? Outline these below and describe any mitigants. Reporting
Part 3 – Financial strength dashboard
Clause 27 • Confirm your website will display the statement on the availability of information on the financial strength dashboard as required under clause 27. Data collection templates (surveys) Balance Sheet • How will you update your systems or procedures to capture any new, or changes to, data fields in the Balance Sheet survey?
When will you be ready to implement this?

Version 14 September 2026 – near-final relicensing questions 28 Capital Adequacy and Capital Adequacy - Supplementary

How will you complete and submit both the Capital Adequacy and Capital
Adequacy - Supplementary surveys to the bank each reporting period? Comment on any new, or modifications to, systems and procedures needed.
When will you be ready to implement this?
DCS
Aggregate
Information
How will you complete and submit the DCS Aggregate Information survey to the
bank each reporting period? Comment on any new, or modifications to, systems and procedures needed.
When will you be ready to implement this?
Income
Statement
How will you update your systems or procedures to capture any new, or changes
to, data fields in the Income Statement survey?
When will you be ready to implement this?
Large Credit
Exposures
How will you complete and submit the Large Credit Exposures survey to the bank
each reporting period? Comment on any new, or modifications to, systems and procedures needed.
When will you be ready to implement this?
Liquidity • How will you update your systems or procedures to capture any new, or changes to, data fields in the Liquidity survey?
When will you be ready to implement this?
LVR Lending
Position
How will you complete and submit the LVR Lending Position survey to the bank
each reporting period? Comment on any new, or modifications to, systems and procedures needed.
When will you be ready to implement this?
Related Party
Exposures
How will you complete and submit the Related Party Exposures survey to the bank
each reporting period? Comment on any new, or modifications to, systems and procedures needed.
When will you be ready to implement this?
Negative assurance
All remaining clauses not specified
To the best of your knowledge, are there any other matters which may affect your
ability to comply with the Reporting Standard, including any requirements not explicitly addressed above, when it comes into force? Outline these below and describe any mitigants.

Version 14 September 2026 – near-final relicensing questions 29

Branch relicensing pack
Questions relating to core standards for the purposes of relicensing Branches

Version 14 September 2026 – near-final relicensing questions 30 Branch relicensing questions Liquidity
Part 2 – Liquidity management
Clause 6 • How will you maintain liquidity sufficient to perform your obligations? Comment on the procedures in place which you will require your employees and agents to follow.

When will you be ready to implement this?
Clause 7 • Detail what processes, controls or other arrangements you will have to project cash flows in normal and stress conditions?
Detail what processes, controls or other arrangements you will have to manage
your liquidity position?
When will you be ready to implement this?
Clause 8 • How will your contingency funding plan enable you to address a range of actual or potential liquidity shortfalls? Comment on who will approve the plan and how frequently it will be reviewed.
When will you be ready to implement this?
Negative assurance
All remaining clauses not specified
To the best of your knowledge, are there any other matters which may affect your
ability to comply with the Liquidity Standard when it comes into force? Outline these below and describe any mitigants. Disclosure Statements
Part 2 – General deposit taker information in disclosure statements
Clause 15 • Confirm you will present the information in your disclosure statements in the required manner as defined in clause 15. Clause 29 • How will you describe the objectives, main features and other specified information regarding your remuneration policy as required under clause 29?
When will you be ready to implement this?
Clause 30 • How will you ensure your year-end disclosure statements describe the remuneration of senior managers as required under clause 30?
When will you be ready to implement this?
Clause 33 • How will you ensure you disclose any contraventions of prudential obligations in your mid-year and year-end disclosure statements as required under clause 33?
When will you be ready to implement this?

Version 14 September 2026 – near-final relicensing questions 31
Part 12 – Information relating to financial statements
Clause 136 • How will you disclose the breakdown of credit risk exposure in mid-year and yearend disclosure statements?

When will you be ready to implement this?
Part 13 – Disclosure statement policy
Clauses 139-
142
How will you establish, implement, maintain, and comply with your disclosure
statement policy? Comment on the content of the policy, how internal controls and processes will operate, the frequency of policy review and the responsible person.
When will you be ready to implement this?
Negative assurance
Clauses 7, 10,
11, 16, 23, 24,
28, 31, 34, 43,
45, 55, 77, 78,
86, 111, 112,
114, 117, 118,
119, 120, 123,
125, 134
We have also identified changes in requirements to the following clauses in the
Disclosure Statements Standard. Please ensure you are familiar with the changes before answering. The full list of these changes can be found in the Guidance Note. Cl 7 – How deposit taker must publish disclosure statement Cl 10 - Year-end disclosure statement must be accompanied by financial statements Cl 11 - Mid-year disclosure statement must be accompanied by interim financial statements Cl 16 – Availability of information on financial strength dashboard Cl 23 – Contact information Cl 24 – Details of certain holding entities Cl 28 – Audit, risk, and remuneration committees Cl 31 – Credit rating Cl 34 – Proceedings or arbitrations Cl 43 – Capital ratios Cl 45 – Capital ratio information about supervised overseas holding entities and their subsidiaries Cl 55 – Credit valuation adjustment (CVA) capital charge Cl 77 – Operational risk Cl 78 – Market risk end-period capital charges Cl 86 – Exposure to non-consolidated insurance business Cl 111 – Large exposures Cl 112 – Peak end-of-day total credit exposures Cl 114 – Meaning of categories of risk Cl 117 – Reviews of risk management framework Cl 118 – Internal audit function of deposit taker Cl 119 – Access to holding entity disclosures Cl 120 – Mid-year disclosure statement Cl 123 – Statement of financial position Cl 125 – Statement of financial performance Cl 134 – Movements in components of loss allowance To the best of your knowledge, are there any matters which may affect your ability to comply with these changes when the Standard comes into force? Outline these below and describe any mitigants.

Version 14 September 2026 – near-final relicensing questions 32 All remaining clauses not specified

To the best of your knowledge, are there any other matters which may affect your
ability to comply with the Disclosure Statements Standard, including any requirements not explicitly addressed above, when it comes into force? Outline these below and describe any mitigants. Reporting
Part 3 – Financial strength dashboard
Clause 27 • Confirm your website will display the statement on the availability of information on the financial strength dashboard as required under clause 27. Negative assurance All remaining clauses not specified
To the best of your knowledge, are there any other matters which may affect your
ability to comply with the Reporting Standard, including any requirements not explicitly addressed above, when it comes into force? Outline these below and describe any mitigants.