Regulatory Alerts2023-12-12
Instruction No. 17/2023 on Information Reporting for the Commission Comparator
The Bank of Angola issued Instruction No. 17/2023 to establish mandatory rules and technical procedures for Banking Financial Institutions to report commission data via Webservice to the Commission Comparator. The directive requires institutions to submit accurate, complete, and up-to-date commission information for a defined set of financial products and services within thirty days of publication, using specified REST API endpoints and JSON formats. Non-compliance triggers sanctions under the General Regime for Financial Institutions Law, while ambiguities in interpretation remain subject to resolution by the Bank of Angola.
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