Regulatory Alerts2010-11-10
Notice No. 05/2010 of November 10
The Central Bank of Angola issued Notice No. 05/2010 to establish a 20% foreign exchange and gold risk exposure limit on regulatory own funds for financial institutions, defining net, long, and short exposures and mandating calculation based on book or market values. The regulation implements a phased transitional schedule from December 2010 to June 2012, progressively tightening limits for long and short positions down to the final 20% threshold. Non-compliance triggers daily monetary fines of Kz 150,000 plus a 0.25% daily charge on excess exposure, alongside temporary suspension from foreign currency auctions until regularization.
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