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Erudite AfricaCenter of Excellence
← Brokerage Operations and Client Advisory

The broker's role and client onboarding

Module 01 / 5 · 60 min · Free preview

Know who may do what in Ethiopia's securities market, then open an account properly: identity, source of funds, risk profile and a signed client agreement.

In this module you will learn to

  • Distinguish the ECMA licence types and ESX membership categories and the duties each owes to clients
  • Complete KYC and CDD for resident, diaspora and institutional clients, including Fayda-based identification
  • Run a risk profiling questionnaire and turn the score into a documented client profile
  • List what a client agreement must cover and how client data must be handled

Built on

  • Erudite Africa course specification 2.e: Brokerage Operations and Client Advisory, Levels 1 and 2 (October 2026)
  • Erudite Africa: Ethiopian Context programme overview and regulatory register (October 2026)
  • Capital Market Proclamation No. 1248/2021; ECMA Directives No. 980/2024 (licensing and supervision) and No. 996/2024 (fees)
  • ESX Rulebook (December 2024)
  • NBE Directive No. FXD/01/2024 as amended, and the NBE Monetary Policy Committee release No. 7 (July 2026)
  • AML/CFT and personal data protection laws as reported in the regulatory register (numbers to be confirmed)

Examples and companies are fictional. Bank practices are shown as typical Ethiopian practice, not as any one bank's policy. Always apply your own institution's approved policy and the current NBE directives.