Regulatory Alerts2020-03-26
Directive No. 02/DSB/2020, dated March 27
The National Bank of Angola’s Banking Supervision Department issued Directive No. 02/DSB/2020 to temporarily suspend and extend information reporting deadlines for Financial Institutions via the Financial Institutions Portal (PIF) in response to COVID-19 containment measures. The Directive mandates that all accounting, statistical, and management data be submitted electronically in XML format by strictly adhering to newly defined provisional deadlines ranging from daily submissions at 8:30 a.m. to annual reports by April 30, while maintaining finality and error notification protocols. Non-compliance triggers penalties under the Framework Law for Financial Institutions, and all conflicting regulations are temporarily suspended until further notice.