Exemption: Banks and NBDTs August 2020
24 August: The RBNZ and FMA have received an exemption for registered banks and licensed non-bank deposit takers (NBDTs) to carry out critical financial services at Alert Level 3.
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24 August: The RBNZ and FMA have received an exemption for registered banks and licensed non-bank deposit takers (NBDTs) to carry out critical financial services at Alert Level 3.
Non-bank deposit takers (NBDTs) information sheet describes the transition to the FMC Act for an NBDTs (Non bank deposit takers). It outlines a working example of the key activities and indicative timings for each step of the transition.