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Deposit Takers Act 2023

Licensing of deposit takers - Issue of licences

23: Form and content of register

You could also call this:

"What's in the list of licensed deposit takers and how it's organised"

Illustration for Deposit Takers Act 2023

The Bank decides what the register of licensed deposit takers looks like and can change it if needed. You can find information about each licensed deposit taker in the register, including their name, the date their licence was issued, and their current credit rating under subpart 1 of Part 3. The register also includes a summary of certain licence conditions as referred to in section 92 and other information prescribed by the regulations.

The Bank can also add a summary of conditions or standards that apply to a deposit taker, and any other information they think is relevant. The register is where you can find all this information about licensed deposit takers. The Bank is in charge of keeping the register up to date and making sure it has all the required information.

You can look at the register to find out more about licensed deposit takers, including their credit ratings from rating agencies and any conditions on their licences.

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This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS472204.

Topics:
Money and consumer rights > Banking and loansBusiness > Industry rules
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22: Bank must keep register of licensed deposit takers, or

"The Bank must keep a public list of licensed deposit takers that you can easily find and access."

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24: Bank may impose conditions on licence, or

"The Bank can add rules to a licence to help keep people's money safe"

Part 2Licensing of deposit takers
Issue of licences

23Form and content of register

  1. The Bank must determine the form of the register of licensed deposit takers and may amend the form as it considers necessary.

  2. The register must include the following in relation to each licensed deposit taker:

  3. the name of the deposit taker:
    1. the date on which its licence was issued:
      1. the deposit taker’s current credit rating under subpart 1 of Part 3 and the name of the rating agency that gave that rating:
        1. a summary of the matters that are specified by a condition of the deposit taker’s licence as referred to in section 92:
          1. all other information prescribed by the regulations.

            1. The register may also include a summary of—

            2. 1 or more conditions or standards that apply to the deposit taker; and
              1. any other matters that the Bank thinks fit.