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Consumer Data Right Standard – Open Banking

The Customer and Product Data (Banking and Other Deposit Taking) Standards 2025 set out the technical, security, and operational requirements for regulated open banking in New Zealand. These standards are issued under the Customer and Product Data Act 2025 and come into force on 1 December 2025.

Timeline and key documents for the Customer and Product Data Act

MBIE first consulted the public on this policy in 2020. This page includes the Cabinet papers and consultation documents that contributed towards the passage of the Customer and Product Data Act in March 2025 and subsequent sector designations.