Summary
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The draft CIS Directive (2025) establishes a comprehensive regulatory framework for collective investment schemes in Ethiopia, detailing definitions, scope, scheme types (money‑market, mutual, REIF, AIF), registration procedures, required service‑provider roles, portfolio and borrowing limits, disclosure and advertising rules, operator obligations, and enforcement measures—including fines, suspensions, and dispute‑resolution mechanisms—effective upon registration with the Ministry of Justice.
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