Regulatory Alerts1992-12-14
Instruction No. 9/92 of 14 December 1992
The National Bank of Angola issued Instruction No. 9/92 to enforce strict accounting discipline by prohibiting financial institutions from altering the approved Chart of Accounts without prior central bank authorization. The directive permits institutions to create 4th and 5th degree accounts only with prior approval from the Banking Supervision Directorate, while allowing unrestricted breakdown of existing 5th degree accounts. These regulations took immediate effect upon publication on 14 December 1992.
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