Legislation News Banking And Finance, Capital Markets And Insurance In Angola 2nd Quarter Of 2022

• Published date: 29 July 2022
• Subject Matter: Finance and Banking, Financial Services
• Law Firm: PLMJ
• Author: Renata Valenti and Gonçalo Dos Reis Martins

This new edition of the newsletter on Banking and Finance, Capital Markets and Insurance Law in Angola for the 2nd quarter of 2022 brings together the most significant new developments in these areas.

BANKING AND FINANCE

I. BNA

Notice no. 9/22 of 6 April, which establishes the special arrangements for mortgage credit and construction credit.

Notice no. 10/22 of 6 April, which establishes terms and conditions for granting credit in the real sector of the economy.

Notice no. 11/22 of 14 April, which establishes the requirements and procedures for the authorisation of constitution of non-banking financial institutions linked to currency and credit, under the supervision of BNA.

Notice no. 12/22 of 4 May, which establishes the regulatory share capital and equity requirements applicable to non-banking financial institutions linked to currency and credit, under the supervision of BNA.

Notice no. 13/22 of 4 May, which establishes the limit on the foreign exchange position and basis of calculation for banking financial institutions.

Instruction no. 4/2022 of 18 April, which defines the rules and procedures for the annual contribution to the Angolan Deposit Guarantee Fund.

Instruction no. 5/2022 of 13 June, which establishes the minimum requirements on the public disclosure of prudential information by banking financial institutions.

Directive no. 03/GAC/2022 of 21 April, which establishes the rules and procedures for reporting statistical information on the granting credit in the real sector of the economy.

Directive no. 04/GAC/2022 of 22 April, which establishes the rules and procedures for reporting statistical information on the granting credit under the special...