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Banks and NBDT's under COVID-19 Alert Level 3 – August 2020

Summary:
Release date 24 August 2020 The Ministry of Health have granted an exemption to enable registered banks and licensed non-bank deposit takers (NBDTs) to carry out critical financial services at Alert Level 3. https://gazette.govt.nz/notice/id/2020-go3923 The exemption is subject to the following conditions: Interactions with customers should be via remote means wherever possible; Face-to-face customer interaction continues to be permitted for financial services only; Over-the-counter transactions to be completed at distances of over one metre and only if increased hygiene in these areas can be ensured; For transactions in which require face-to-face engagement but cannot take place over the counter, increased hygiene must be ensured; Registered

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Release date

24 August 2020

The Ministry of Health have granted an exemption to enable registered banks and licensed non-bank deposit takers (NBDTs) to carry out critical financial services at Alert Level 3. https://gazette.govt.nz/notice/id/2020-go3923

The exemption is subject to the following conditions:

  1. Interactions with customers should be via remote means wherever possible;
  2. Face-to-face customer interaction continues to be permitted for financial services only;
  3. Over-the-counter transactions to be completed at distances of over one metre and only if increased hygiene in these areas can be ensured;
  4. For transactions in which require face-to-face engagement but cannot take place over the counter, increased hygiene must be ensured;
  5. Registered banks and NBDTS must follow guidance available at:

For the latest actions, restrictions, and guidance, please refer to the Unite against COVID-19 pages - https://covid19.govt.nz/covid-19/restrictions/

Reserve Bank of New Zealand News Releases
The Reserve Bank of New Zealand is New Zealand’s central bank. We promote a sound and dynamic monetary and financial system.

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