Regulatory Alerts2016-09-05
Notice No. 13/2016 on Information Duties Regarding Bank Deposits
The Bank of Angola issued Notice No. 13/2016 to establish mandatory information duties for banking and non-banking financial institutions regarding deposit activities. The regulation requires institutions to provide detailed technical information sheets, standardized account statements, and timely notifications of contractual changes to ensure depositors are fully informed. Compliance is mandatory within 120 days of publication, with non-compliance constituting an offense punishable under the Basic Law of Financial Institutions.
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