Nigeria: Federal Competition and Consumer Protection Commission allowing exceptions for deadline to meet Limited Interim Regulatory/Registration Framework and Guidelines for Digital Lending compliance requirements
Description
Federal Competition and Consumer Protection Commission allowing exceptions for deadline to meet Limited Interim Regulatory/Registration Framework and Guidelines for Digital Lending compliance requirements
On 9 June 2023, the Federal Competition and Consumer Protection Commission (FCCPC) resumed the registration of Digital Money Lenders (DMLs) for new businesses and in exceptional cases for existing businesses with justifiable reasons for not register…
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