Regulatory Alerts2022-06-23
Circular No. 02/EFI/2022, of June 23 - Submission of Authorization Requests for Agencies of Credit Institutions and Financial Companies via the BSA (Bank Supervision Application)
The Bank of Mozambique mandates that all documentary correspondence regarding the opening, closure, and special registration of agencies for credit institutions and financial companies must be submitted electronically through the Bank Supervision Application (BSA). Institutions are required to populate the BSA with historical data on active agencies within thirty days of the circular's effective date and to register their authorized BSA focal points with the central bank. The regulation takes effect on August 1, 2022, while allowing physical or email submissions only in cases of system unavailability or when specifically warranted by the nature of the matter.
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