acting as an intermediary has the meaning given to it by regulation 4(2) and (3) of the Customer and Product Data (Designations for Banking and Other Deposit Taking) Regulations 2025

class of accreditation means a class of accreditation set out in regulation 9 of the Customer and Product Data (Designations for Banking and Other Deposit Taking) Regulations 2025.

4 Transitional, savings, and related provisions

The transitional, savings, and related provisions (if any) set out in Schedule 1 have effect according to their terms.

Fees

5 Fee for application for accreditation

(1)

A person who applies under section 108 of the Act for accreditation as an accredited requestor must pay a fee for the amount set out in subclause (2).

(2)

The amount of the fee is—

(a)

$2,000, if the application is made in respect of a class of accreditation that involves acting as an intermediary to make requests; or

(b)

$1,500, if the application is made in respect of a class of accreditation that involves making requests other than when acting as an intermediary.

(3)

Despite subclause (2), if a person applies for 2 or more classes of accreditation, the person is only required to pay 1 of the amounts set out in subclause (2) (whichever applicable amount is greater).

(4)

The fee must be paid—

(a)

at the time the application is made; and

(b)

to the chief executive.

6 Fee for application to renew accreditation

(1)

A person who applies under section 117 of the Act to renew an accreditation must pay a fee for the amount set out in subclause (2).

(2)

The amount of the fee is—

(a)

$1,700, if the application is made in respect of a class of accreditation that involves acting as an intermediary to make requests; or

(b)

$1,000, if the application is made in respect of a class of accreditation that involves making requests other than when acting as an intermediary.

(3)

Despite subclause (2), if a person applies for renewal of 2 or more classes of accreditation, the person is only required to pay 1 of the amounts set out in subclause (2) (whichever applicable amount is greater).

(4)

The fee must be paid—

(a)

at the time the application is made; and

(b)

to the chief executive.

7 Fees GST exclusive

The fees set out in these regulations are exclusive of goods and services tax.

Schedule 1 Transitional, savings, and related provisions

r 4

Part 1 Provisions relating to these regulations as made

There are no transitional, savings, or related provisions in these regulations as made.

Rachel Hayward,
Clerk of the Executive Council.

Explanatory note

This note is not part of the regulations but is intended to indicate their general effect.

These regulations, which come into force on 1 December 2025, are made under section 133 of the Customer and Product Data Act 2025. The regulations—

require the payment of fees on application for accreditation as an accredited requestor and for renewal of that accreditation; and
prescribe the amounts of those fees.

The fees for an application for accreditation are as follows:

$2,000, if the application is made in respect of a class of accreditation that involves acting as an intermediary to make requests:
$1,500, if the application is made in respect of a class of accreditation that involves making requests other than when acting as an intermediary.

The fees for an application for renewal of accreditation are as follows:

$1,700, if the application is made in respect of a class of accreditation that involves acting as an intermediary to make requests:
$1,000, if the application is made in respect of a class of accreditation that involves making requests other than when acting as an intermediary.

The classes of accreditation are the classes set out in the Customer and Product Data (Designations for Banking and Other Deposit Taking) Regulations 2025. The term acting as an intermediary has the meaning given to it by those regulations.

If an application is made in respect of 2 or more classes of accreditation, then the applicant is only required to pay 1 fee, whichever applicable fee is greater.

These fees are exclusive of goods and services tax.

Regulatory impact statement

The Ministry of Business, Innovation, and Employment produced a regulatory impact statement on 1 September 2025 to help inform the decisions taken by the Government relating to the contents of this instrument.

A copy of this regulatory impact statement can be found at—

Issued under the authority of the Legislation Act 2019.

Date of notification in Gazette: 30 October 2025.

These regulations are administered by the Ministry of Business, Innovation, and Employment.

Customer and Product Data (Fees) Regulations 2025