Whereas, it has become necessary to amend the Requirements for Undertaking Account Based Transactions and Ensuring of Regulatory Limits Directive No. FIS/04/2021;

Now, therefore, in accordance with article 60 and article 66(2) of the Banking Business Proclamation No. 592/208 (as amended by Proclamation No. 1159/2019), article 24 and article 34(2) of the Microfinancing Business Proclamation No. 626/2009 (as amended by Proclamation No. 1164/2019), and article 4(2) and article 37(2) of the National Payment System Proclamation No. 718/2011, the National Bank of Ethiopia has issued this Directive.