Regulation of Non-Bank Deposit Takers - Cabinet Paper
[ Last Updated 19 June 2007 ]
Short Description
NBDTs will continue to be supervised by trustee corporations (one-tiered) but licensed by a prudential regulator (the Reserve Bank) and comply with minimum prudential, governance and fit and proper requirements at licensing and on an ongoing basis.
Author
Hon Lianne Dalziel, Minister of Commerce
To: The Chair, Cabinet Economic Development Committee
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