Regulatory Alerts2017-11-07
Notice No. 08/2017 of 07 November: Classification of Subsystems of the Angola Payment System
The National Bank of Angola issued Notice No. 08/2017 to update the regulation and classification of subsystems within the Angola Payment System (SPA) to enhance risk control mechanisms. The notice formally categorizes subsystems into Systemically Important and Relevant Importance levels, designating specific operators such as the BNA, EMIS, and the Securities Management Company for various clearing and settlement infrastructures. It mandates strict compliance with international financial market infrastructure principles, outlines operator responsibilities regarding risk management and documentation, and establishes the legal framework for authorization, oversight, and sanctions.
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