Ethiopia: Design requirement in NBE Requirements for Undertaking Account Based Transactions and Ensuring of Regulatory Limits (Directive No. FIS/04/2021)
Progress
Current status
in force
28 Feb 2022 in force
27 Aug 2021 adopted
Scope
Implementers
Ethiopia
Policy Area
Design and testing standards
Policy Instrument
Design requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
central bank
Implementation Level
national
Timeline of events
Requirements for Undertaking Account Based Transactions and Ensuring of Regulatory Limits (Directive No. FIS/04/2021) including design requirement entered into force
On 28 February 2022, the National Bank of Ethiopia (NBE)'s Requirements for Undertaking Account-Based Transactions and Ensuring of Regulatory Limits Directive No. FIS/04/2021 has been fully implemented after a six-month grace period for financial in…
Event type
order
Action type
implementation
Government branch
executive
Government body
central bank
NBE issued Requirements for Undertaking Account Based Transactions and Ensuring of Regulatory Limits (Directive No. FIS/04/2021) including design requirement
On 27 August 2021, the National Bank of Ethiopia (NBE) issued the Requirements for Undertaking Account-Based Transactions and Ensuring of Regulatory Limits Directive No. FIS/04/2021. The requirements enter into force with a grace period of six month…
Event type
order
Action type
adoption
Government branch
executive
Government body
central bank