What changed: An amendment to the regulation governing retail trade gives the Ministry of Trade authority to determine instalment periods and introduce additional restrictions for retail goods and services sold to consumers, excluding housing sales. It aims to align other instalment methods with BDDK decisions.
Who is affected
Retail businesses selling goods and services to consumers in instalments, excluding housing sales.
What it means for your business
Retailers offering instalment payments will need to monitor Ministry of Trade decisions concerning payment periods and additional restrictions.
What to watch
There is no action to take now. When decisions under this authority appear on the Ministry of Trade’s official website, assess your instalment periods against those decisions.
Timing
The announcement states that the amendment has been put into effect; the source provides no effective date.
