Nigeria: Federal Competition and Consumer Protection Commission extending deadline to meet Limited Interim Regulatory/Registration Framework and Guidelines for Digital Lending compliance requirements until 27 March 2023
Description
Federal Competition and Consumer Protection Commission extending deadline to meet Limited Interim Regulatory/Registration Framework and Guidelines for Digital Lending compliance requirements until 27 March 2023
On 27 January 2023, the Federal Competition and Consumer Protection Commission (FCCPC) postponed the compliance deadline again, this time from 31 January 2023 to 27 March 2023. This deadline required Digital Money Lenders (DMLs) on the Google Play s…
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