Ethiopia: Financial Consumer Protection (Directive No. FCP/01/2020) including fair marketing and advertising practice requirement entered into force

Description

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…

Scope

Policy Area
Consumer protection
Policy Instrument
Fair marketing and advertising practice requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
central bank

Complete timeline of this policy change

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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…