Ethiopia: Fair marketing and advertising practice requirement 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
Fair marketing and advertising practice requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
central bank
Implementation Level
national
Timeline of events
Financial Consumer Protection (Directive No. FCP/01/2020) including fair marketing and advertising practice requirement entered into force
On 25 February 2021, the Financial Consumer Protection Directive No. FCP/01/2020 entered into force. The directive mandates Financial services providers to ensure all advertising or promotional materials related to financial products and services ar…
SourceEvent type
order
Action type
implementation
Government branch
executive
Government body
central bank
National Bank issued Financial Consumer Protection (Directive No. FCP/01/2020) including fair marketing and advertising practice requirement
On 25 August 2020, the National Bank of Ethiopia (NBE) issued the Financial Consumer Protection Directive No. FCP/01/2020 and it enters 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 bank