Ethiopia: Consumer protection regulation in NBE Financial Consumer Protection (Directive No. FCP/01/2020)
Progress
Current status
in force
25 Feb 2021 in force
25 Aug 2020 in grace period
Scope
Implementers
Ethiopia
Policy Area
Consumer protection
Policy Instrument
Quality of Service requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
other service provider
Government Branch
executive
Government Body
central government
Implementation Level
national
Timeline of events
Financial Consumer Protection (Directive No. FCP/01/2020) including consumer protection regulation entered into force
On 25 February 2021, the Financial Consumer Protection Directive No. FCP/01/2020 entered into force. The directive defines digital financial services as financial services including payments, remittances, and insurance accessed and delivered through…
SourceEvent type
order
Action type
implementation
Government branch
executive
Government body
central government
National Bank issued Financial Consumer Protection (Directive No. FCP/01/2020) including consumer protection regulation
On 25 August 2020, the National Bank of Ethiopia (NBE) issued the Financial Consumer Protection Directive No. FCP/01/2020 which entered into force with a grace period. The directive shall be effective and in full force six months from the issue date…
SourceEvent type
order
Action type
in force with grace period
Government branch
executive
Government body
central government