Description

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…

Scope

Policy Area
Consumer protection
Policy Instrument
Quality of Service requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies), other service provider
Implementation Level
national
Government Branch
executive
Government Body
central government

Complete timeline of this policy change

Hide details
2020-08-25
in grace period

On 25 August 2020, the National Bank of Ethiopia (NBE) issued the Financial Consumer Protection Dir…

2021-02-25
in force

On 25 February 2021, the Financial Consumer Protection Directive No. FCP/01/2020 entered into force…