NZ: Deposit Takers (Restricted Activities) Standard¶


Regulator	RBNZ
Jurisdiction	NZ
Status	Draft — not yet in force
Applicability	Platform

The DTA Restricted Activities Standard is a non-core standard under the Deposit Takers Act 2023. It formalises the existing restrictions on activities that deposit takers are not permitted to conduct, including insurance underwriting, non-financial commercial activities, and the issuance of covered bonds beyond permitted limits. These restrictions apply to all deposit takers including Group 3.

An exposure draft is expected as part of Tranche 2. The standard takes effect 1 December 2028.

Compliance register¶

This register maps every material obligation under the standard to the platform control or institutional process that satisfies it.

Scope legend¶

Symbol	Meaning
🤖 Automated	Platform enforces or performs the obligation. Primary control mode is GATE, AUTO, CALC, or ALERT. Human action is not required in the normal case.
📊 Evidenced	Platform captures the evidence trail automatically. Human compliance decision sits on top. Primary control mode is LOG.
🏛 Institutional	Obligation is met by a process entirely outside the platform — board governance, legal. Platform may generate evidence inputs but does not own the process.
N/A	Obligation does not apply to this deployment configuration.

Build legend¶

Symbol	Meaning
✅	Module built and deployed
🔨	Module planned — not yet built (`build_status: Not started`)
❌	Uncontrolled gap — no module attributed

Activity prohibitions¶

Ref	Obligation	Scope	Policy	Platform controls	Build
S1	Do not underwrite insurance products (acting as insurer) unless expressly permitted by the RBNZ	🤖 Automated	GOV-010	MOD-146 (GATE) — product types classified as restricted activities cannot be enabled in the product catalogue without a documented RBNZ consent or board resolution	🔨
S2	Do not engage in non-financial commercial activities that are not incidental to the deposit-taking business	🤖 Automated	GOV-010	MOD-146 (GATE) — product configuration workflow enforces the restricted activities register at the product enablement layer; commercial activities above the permitted threshold cannot be activated	🔨
S3	Do not issue covered bonds in excess of 10% of total assets (or the limit prescribed in the standard)	📊 Evidenced	GOV-010	MOD-033 (CALC) — RWA and total asset figures provide the denominator for the covered bond limit calculation; covered bond issuance decisions are institutional	🔨

Records and approvals¶

Ref	Obligation	Scope	Policy	Platform controls	Build
S4	Maintain records demonstrating compliance with all restricted activities limits	📊 Evidenced	GOV-010	MOD-146 (LOG) — all restricted activity classification decisions, consent records, and product enablement events are logged as regulatory records	🔨
S5	Obtain RBNZ approval before entering any activity that may be subject to restriction	🏛 Institutional	GOV-010	RBNZ approval is a board and legal process; MOD-146 enforces that the approval record must be present in the restricted activities register before the product can be enabled	—
S6	Report annually on restricted activities compliance as part of regular prudential reporting	🤖 Automated	GOV-010	MOD-036 (AUTO) — prudential return builder includes restricted activities compliance data in the annual RBNZ return	🔨

Institutional obligations (not platform scope)¶

Obligation	Owner	Platform evidence input
Board policy on permitted activities — maintaining an approved list of permitted business lines	Board / Chief Compliance Officer	MOD-146 enforces the board-approved permitted activities list at the platform layer
RBNZ engagement and approval for new or borderline activities	Chief Compliance Officer / Legal	MOD-146 provides the consent record registry used in RBNZ submissions
Annual restricted activities attestation to the board	Chief Compliance Officer	MOD-036 provides the compliance data used in the board attestation pack

Coverage summary¶

Area	Total obligations	Platform automated 🤖	Platform evidenced 📊	Institutional 🏛
Activity prohibitions	3	2	1	0
Records and approvals	3	1	1	1
Total	6	3 (50%)	2 (33%)	1 (17%)

All attributed modules are currently build_status: Not started — the compliance position will update as modules are built and deployed.

Policy	Title
GOV-010	Restricted Activities Policy

See D08 Governance & Accountability for the full risk domain.

Official documentation¶

RBNZ DTA Standards

Policies referencing this standard¶

GOV-010 — Restricted Activities Policy

Compiled 2026-05-22 from source/entities/regulations/nz-dta-restricted-activities.yaml