2022-05-03

Financial Consumer Protection Act (Commencement) Notice, 2022

The Minister of Finance issued this commencement notice to bring the Financial Consumer Protection Act, 2022 into operation. The legislation officially takes effect on 1 May 2022, establishing the statutory framework for regulating financial consumers. Authorized under Section 1 of the Act, this notice formalizes the commencement date and enables immediate enforcement of consumer protection provisions.

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[3rd May 2022] Supplement to Official Gazette 153 S.I. 52 of 2022 FINANCIAL CONSUMER PROTECTION ACT, 2022 (Act 6 of 2022) Financial Consumer Protection Act (Commencement) Notice, 2022 In exercise of the powers conferred by Section 1 of the Financial Consumer Protection Act, 2022 the Minister responsible for Finance hereby makes the following notice — Citation

  1. This notice may be cited as the Financial Consumer Protection Act (Commencement) Notice, 2022. Commencement of Act 6 of 2022
  2. The Financial Consumer Protection Act, 2022 shall come into st operation on 1 May, 2022. MADE this 29th day of April, 2022. NAADIR HASSAN MINISTER OF FINANCE, NATIONAL PLANNING AND TRADE ———————