Regulatory Alerts2021-05-05
Directive No. 03- DMA-2021, dated May 6
The Bank of Angola, through its Financial Inclusion and Financial System Regulation departments, issues Directive No. 03- DMA-2021 to mandate banking financial institutions to electronically report statistical data on Simplified Bank Accounts via the Financial Institutions Portal or email by 8:30 a.m. on the 8th of each following month using specified XML or Excel formats. The directive requires institutions to complete Annex II and submit it to the General Tax Administration in XML format, while establishing clear compliance procedures, penalty frameworks under Law No. 14/21, and resolution mechanisms for interpretative disputes. It enters into force upon publication and standardizes monthly reporting templates, age/social structures, geographic distribution, and account balances to ensure accurate national financial inclusion monitoring.