Parker COMMERCIAL BANK OF ETHIOPIA +3 2014 4.9" TO ALGNEC - REE LAN HEE ACH FROM: dé AALE - ANH? ATSAD - ARF PAGS CRY DATE: SUBJECT: PATHE AGEL TCRAT taPUPT 140 hd Looahsa cc PIV - PCVE AT ARIA OMIT - ORY PAG CRY = eT FCMC = PCTE ATOAD AT O7C% - 0°27 PAG CBD NESE AC nt 92014 4.9" PAMIIR AG cena PMP MW LULL I AVFOr PUNETON NEF LAN Ach UTE AL LEA UEP YD NEALE PNILT corOke Yarmt erg, OS OLE WD LAF A RINE EE LAA Noo Oke Neomdy LA AEE MUTE POET 107 AL APOKHAT Or LAcoU'r’s Ned AIMa- 0 ATA MLOGOA: Peek AH AAA. PIP 29 2021 LAM EC V/G/FIS/NIG/21: ACKAC PC FIS/03/2021 Aono Praia ACKAC cnet UPI WL LAO coee PAO AG PI Fert coroke 17 AMNLTA AAR ELO-LT LTH TRV CLO bots eat Niles AT BC NeoPNA LAM herr ARUFA AT AH OA cot TL LLACA THI Mend NTREVEA BBL Ae Neorg Ek UTE VAP LOTHET PARE O92 NeNKATO- WLLL codoke AG Ode VA ACHAC some YAA1 Nao dt ATTA NILA LAFO MANET ATMLIND 7 AC haagey nag Aa 1 210 Pllded® ON ACHAC dere FIS/03/2021(0; VIG/FIS/018/21 Date: October 29, 2021 ‘To: > All Commercial Banks > All Microfinance Institutions > All Payment Instrument Issuers Ethiopia Dear Sir/Madam: Subject: Cireulay No, FIS/03/2021 It is recalled that the National Bank has recently issued “Requirement for Undertaking Account Based Transaction and Ensuring of Regulatory Limits Directive No. FIS/04/2021". Meanwhile, based on the feedback obtained in implementing this Directive, it has become important (o modify/adjust some of the provisions of the Directive. Accordingly, please be informed that the following adjustments/modifications have been made on the aforementioned Directive effective from November 01,2021 Ts Article $.1 and Annex 1: 1D Requirement: In order to accommodate and include low income and undocumented Ethiopian Nationals who do not possess any type of biometric data (ic., photograph and finger print) and specimen signature of the individual ‘on the spot and in the premises of the financial institution itself. However, accounts opened in such manner shall not be opened through proxy, the maximum deposit balance kept at any time shall not exceed Birr 300,000 (Birr Three Hindered Thousand) and the account shall not be used for the purpose of making any incoming or outgoing transfer from this account, Article 5.6: Requirements (o Use Formats Annexed to the Directive: The requirements sialed to fully adopt and use the formats annexed to the Directive shall be effective and applicable right after ey ff the transition period provided in Article 10 of the aforementioned Directive. f : : Viebsite: wwwehtip/fl 254-17°851-7820 | SyeTCODE- NOETETA ae | ae ssp [SME asntTsst 458 an | ts Sst | et. Via Mrs: Sdn Stet pvet+2 3. Annex I P,O Box and E-mail Address Requirement: These requirements shall be optional for all type of depositors. However, for legal persons, a financial institution shall secure confirmation from the depositor regarding the non-availability of same on the format itself. Annex IV: Possession of Passbook: The requirement for a customer who withdraws funds from an account shall be optional and be determined based on the level of risk and withdrawal limit to be set by a financial institution in its KYC policy and procedure. a you, cc: 2 HE The Governor Banking Supervision Directorate D Microfinance Institutions Supervision Directorate Payment and Settlement System Directorate National Bank of Ethiopia