Regulatory Alerts2021-04-14
Guideline No. 06-2021 of April 15 - Deposit Guarantee Fund: Annual Premium on Contributions of Financial Institutions Participating in the Deposit Guarantee Fund in Angola
Banco Nacional de Angola issued Guideline No. 06/2021 to set the annual premium at 0.08% for Banking Financial Institutions participating in Angola’s Deposit Guarantee Fund for 2021. The regulation defines the applicable scope, calculation methodology, and enforcement mechanisms governing these participating institutions. It further empowers Banco Nacional de Angola to resolve interpretative doubts and mandates sanctions for non-compliance under the Framework Law on Financial Institutions.
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