Regulatory Alerts2019-08-26
Instruction No. 09/2019 of August 27
The Central Bank of Angola issued this Instruction to require Banking Financial Institutions under its supervision to update their financial instrument disclosures in accordance with IFRS 9 and IFRS 7. It establishes precise definitions for key metrics such as fair value, expected credit losses, and various financial risks, while mandating specific disclosure models for balance sheets, reclassifications, impairment movements, and net gains or losses. Institutions must apply these requirements within 180 days of publication, with transitional provisions ensuring a smooth shift from IAS 39 to the new measurement and classification standards.
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