Regulatory Alerts1993-04-01
Notice No. 6/93
The National Bank of Angola issued Notice No. 6/93 to update the minimum paid-up share capital requirement for Foreign Exchange Houses. The regulation amends Article 2 of Notice No. 6/92 to mandate a minimum capital of 400,000,000.00 New Kwanzas. This notice took effect immediately upon publication on April 26, 1993.
NOTICE NO. 6/93 OF APRIL 2, 1993 Considering the need to update the minimum share capital of Foreign Exchange Houses provided for in Notice No. 5/92 of August 12; In exercise of the powers attributed to the National Bank of Angola by Articles 16 and 43 of Law No. 4/91 of April 20. I HEREBY DETERMINE: Article 1 Subparagraph c) of Article 2 of Notice No. 6/92 of August 12 shall be amended to read as follows: “to have a paid-up share capital of no less than NKZ 400,000,000.00 (Four Hundred Million New Kwanzas)”. Article 2 This Notice shall enter into force immediately. PUBLISH IT