Regulatory Alerts2023-04-25
Added · Updated
Requirements for Undertaking Account Based Transactions and Ensuring of Regulatory Limits (Amendment) Directive No. FIS/05/2022
Directive No. FIS/05/2022 amends the Requirements for Undertaking Account Based Transactions and Ensuring of Regulatory Limits Directive No. FIS/04/2021 by deleting Article 6 and renumbering Articles 7 through 12 as Articles 6 through 11. It replaces the penalty provision in the renumbered Article 10(2) with a fine of Birr 50,000 for violations of specific articles including Article 4.3, 5.1, 5.2, 5.4, 5.5, 5.8, 6, and 7. This amendment enters into force on January 5, 2022.