Nigeria: Federal Competition and Consumer Protection Commission extending deadline to comply with Limited Interim Regulatory/Registration Framework and Guidelines for Digital Lending
Description
Federal Competition and Consumer Protection Commission extending deadline to comply with Limited Interim Regulatory/Registration Framework and Guidelines for Digital Lending
On 6 December 2022, the Federal Competition and Consumer Protection Commission (FCCPC) postponed the compliance deadline from 14 November 2022 to 31 January 2023. This deadline required Digital Money Lenders (DMLs) on the Google Play store to meet c…
Scope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Operational license requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
consumer protection authority
Complete timeline of this policy change
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2022-08-26
adopted
2022-12-06
adopted
2023-01-27
adopted
2023-06-09
adopted