Manner of Reporting Quarterly and Annual Returns (Directive No. 109/2020)
These directives outline the specific formats and methodologies for insurers to report their quarterly and annual financial and non-financial returns to the National Bank of Ethiopia. They also specify the methods for calculating technical provisions, such as unearned premium provision and outstanding claims, for both general and long-term insurance businesses.
Requirements for Licensing and License Renewal of Insurance Business (Directive No. 107/2020)
This directive outlines the requirements for obtaining and renewing licenses for insurance businesses in Ethiopia, aiming to promote a strong and viable insurance sector.
Requirements for Persons with Significant Influence in an Insurer (Directives No. 105/2020)
This directive establishes the requirements for obtaining and maintaining a license to operate as an insurance agent in Ethiopia. It outlines general qualifications for natural and juridical persons, financial requirements, necessary documentation, training mandates, fees, renewal procedures, and the maintenance of professional indemnity insurance. It also repeals a previous directive (SIB/18/1998).
Minimum Paid Up Capital for Insurers (Directive No. 108/2020)
This directive establishes the minimum paid-up capital requirements for insurers in Ethiopia, applicable to existing insurers, insurers under formation, and new applicants. It specifies different capital thresholds for general insurance, long-term insurance, and composite licenses, and outlines actions for non-compliant existing insurers and insurers under formation.
Fine for Non-Compliance with the Directives of the National Bank of Ethiopia (Directive No.102/2020)
This directive establishes fines for insurance companies that fail to comply with directives from the National Bank of Ethiopia, including daily penalties for outstanding fines and grants the National Bank the authority to take further measures or waive penalties.
Licensing and Supervision of Insurance Business, Licensing of Insurance Broker (Directive No. 106/2020)
This directive establishes the requirements, procedures, and responsibilities for licensing and supervising insurance brokers in Ethiopia. It details the conditions for establishment, general requirements for applicants and chief executive officers, required information, place of business, duties and responsibilities, prohibitions, professional indemnity insurance requirements, fees, renewal processes, and penalties for non-compliance. It also repeals Directive No. SIB/29/2007.
Simplified Customs Procedures Applicable to Authorized Economic Operators (Directive No. 130/2020)
This directive outlines simplified customs procedures for Authorized Economic Operators (AEOs) in Ethiopia, aiming to streamline import and export processes for trusted traders.
Directive To Transfer NBE's Foreign Exchange Functions to Commercial Banks (Directive No. 50/2020)
This directive transfers the foreign exchange functions of the National Bank of Ethiopia (NBE) to commercial banks.
Commercial Road Freight Transport Operator Organizational Qualification Certification and Performance Directive No. 35/2013
This directive outlines the organizational structure, competency requirements, and implementation procedures for commercial road freight transport operators in Ethiopia. It specifies requirements for associations, companies, and sole proprietors, including vehicle standards, operational procedures, personnel qualifications, and service scopes.
Construction Technology, Research and Best Practice Promotion Guide (Directive No. 33/2013)
This directive aims to promote construction technology, research, and best practices through recognition, incentives, and awards. It outlines the objectives for issuing the directive, defines key terms, establishes competition fields, prerequisites, selection criteria, and the process for award review and selection. The directive also details the duties and responsibilities of the Ministry and the evaluation committee, as well as the application submission and grievance resolution procedures.
ETH-NADO Rules (Directive No. 467/2020)
These are the Ethiopian National Anti-Doping (ETH-NADO) Rules, adopted and implemented in accordance with ETH-NADO's responsibilities under the World Anti-Doping Code, its establishment Regulation No. 400/2017, and aiming to eradicate doping in sport in Ethiopia. The rules govern the conditions under which sport is played, focusing on anti-doping measures.
Ethiopia Commodity Exchange Internal Rules Amendment (Directive No.775/2021)
This document amends the Revised Internal Rules of the Ethiopia Commodity Exchange (No. 12/2020, though referenced as 559/2021 in one instance) by adding new sub-articles and modifying existing ones. These amendments cover various aspects including membership category changes, trading permissions for Non-Member Direct Traders, rules for Trade Representatives, procedures for document submission and verification, warehouse receipt auctions, pre-trade information dissemination, daily price limits, trade transaction reporting, contract amendment proposals, and disciplinary actions for trade representatives.
Risk-Based Internal Audit (Directive No. 308/2020)
This directive establishes a risk-based internal audit framework for financial institutions.
Legal Tender Currency Notes Redemption (Directive No. 287/2020)
This directive from the National Bank of Ethiopia concerns the redemption of currency notes, establishing procedures and timelines for their exchange.
Requirements for Licensing and Renewal of Microfinance Business (Directive No. 300/2013)
This directive establishes the requirements for obtaining and renewing a microfinance business license in Ethiopia. It outlines the application process, necessary documentation, conditions for commencing operations, and renewal procedures. The directive aims to promote a strong and viable microfinance sector, ensure the safety and soundness of microfinance business, and establish clear, objective, and transparent licensing requirements.